QVC Happenings

QVC Participates In White House Cyber Security Summit

Corporate

QVC was among several companies that participated in the White House Summit on Cybersecurity and Consumer Protection, held February 6 at Stanford University in Palo Alto, Ca.

QVC was among several companies that participated in the White House Summit on Cybersecurity and Consumer Protection, held February 6 at Stanford University in Palo Alto, Ca. President Barack Obama, ranking members of his administration and the CEOs of some of the country’s most prominent and influential companies including QVC CEO, Mike George, attended the day-long event to discuss cyber-attacks and the heightened concerns among consumer advocacy groups.

President Obama stressed the importance of cybersecurity, the essential partnership between the government and the private sector, and why it is critical for companies like QVC to have a voice in the conversation. “Protecting our digital infrastructure is a national security priority and an economic priority”, said the President.

Mike George participated in a small roundtable discussion with President Obama to share his perspective on the security of brick and mortar transactions and how cyber-attacks are tilting to threaten companies like QVC that primarily conduct ‘card not present’ transactions. Mike also stressed how protecting customer and company information is always a priority for QVC, which has the tools to meet the challenge.

President Obama stressed the importance of cybersecurity, the essential partnership between the government and the private sector, and why it is critical for companies like QVC to have a voice in the conversation

Following the roundtable, Mike appeared on a panel with CEOs from Pay Pal, US Bank, VISA and Walgreens. They discussed innovative methods of keeping electronic payments, financial settlements and IT systems reliable, trusted and secure. The panel, moderated by U.S. Department of Treasury Deputy Secretary Sarah Bloom Raskin, also explored next generation payment technologies.

“We have spent 30 years reinforcing the idea of trust between the company and our customers,” Mike said. “So cybersecurity is an essential focus of our management team. They look end-to-end at our risk profile to understand assets, vulnerability and react aggressively to attacks. We also hire and train great people. There is an ongoing high level of awareness building for associates and customers about cybersecurity.”