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U.S. Bank CEO Richard K. Davis to Participate in White House Summit on Cybersecurity and Consumer Protection

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MINNEAPOLIS–(BUSINESS WIRE)–Feb. 11, 2015– U.S. Bancorp (NYSE: USB) announced today that its Chairman, President, and Chief Executive Officer Richard K. Davis, will participate in the White House Summit on Cybersecurity and Consumer Protection at Stanford University on Friday, February 13. Mr. Davis will participate in a plenary panel on Promoting More Secure Payment Technologies moderated by U.S. Department of Treasury Deputy Secretary Sarah Bloom Raskin.

The Summit will feature remarks by President Obama and will bring together leaders from across the country who have a stake in this issue — industry, tech companies, law enforcement, consumer and privacy advocates, academics, and students. Participants will discuss opportunities to spur collaboration and develop partnerships on cybersecurity and consumer protection, share best practices that promote stronger adherence to security standards, and discuss ways to improve cyber threat information sharing and encourage adoption of more secure payment technologies. The Summit will help advance private and public sectors efforts to bolster our cybersecurity, further safeguard consumers, and better protect our economic and national security.

From increasing cybersecurity information sharing to improving adoption of more secure payment technologies, the topics that panels at the Summit will address include:

  • Public-Private Collaboration on Cybersecurity
  • Improving Cybersecurity Practices at Consumer-Oriented Businesses and Organizations
  • Promoting More Secure Payment Technologies
  • Cyber Security as a Business Differentiator
  • Cybersecurity Information Sharing
  • International Law Enforcement Cooperation on Cybersecurity
  • Improving Authentication: Moving Beyond the Password
  • Chief Security Officers’ Perspectives: New Ideas on Technical Security

Minneapolis-based U.S. Bancorp (NYSE:USB), with $403 billion in assets as of Dec. 31, 2014, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The company operates 3,176 banking offices in 25 states and 5,022 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions.

Visit U.S. Bancorp on the web at www.usbank.com.

Source: U.S. Bancorp

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp’s business which are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company’s Annual Report or Form 10-K for the most recently ended fiscal year.

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