economy Gaining trust, restoring trust Cyber defense is becoming a business-critical core skill Unlike in 2012, the list of speakers was published: Neelie Kroes, Vice-President (Digital Company) of the European Commission Sabine Leutheusser-Schnarrenberger, German Federal Minister of Justice Johanna Mikl-Leitner, Interior Minister of Austria Ambassador Wolfgang Ischinger, Chairman of the Munich Security Conference Foundation gGmbH; Executive Vice President for Government Relations at Allianz SE Ehud Barak, former Prime Minister of Israel Jürgen Stock, Vice-President of the German Federal Criminal Police Scott Charney, Vice President of Microsoft Arthur W. Coviello, Jr., CEO of RSA Security Thomas Rid, lecturer at King's College London; author on issues of cyber security René Obermann, CEO of Deutsche Telekom; Vice President of BITKOM e.V. Timotheus Höttges, Chief Financial and controlling Officer of Deutsche Telekom AG; designated CEO Thomas Kremer, Director of Privacy, Legal Affairs and Compliance at Deutsche Telekom AG Klaus Schweinsberg, former editor of the business magazines Capital and Impulse; Founder and director of the Center for Strategy and senior management The third summit was held on 3 November 2014. It was attended by 180 representatives from the fields of politics, economy, EU and NATO. In his opening speech, Telekom CEO Höttges highlighted the growing number of attacks on data and digital infrastructures, where the Telekom network recorded 1 Million attacks daily. He quoted a CSIS study that estimated the global damage caused by cybercrime to be US$575 billion per year. To protect European data against access by US authorities, Höttges called for a revision of the Safe Harbor Agreement. The intelligence coordinator of the federal government, Klaus-Dieter Fritsche, supported Höttges demands. MSC Chairman Ischinger described the great geopolitical importance of cyber security as a result of Ukraine conflict, which had marked the return of war as political means in Europe. State Secretary Brigitte Zypries stated the planned IT Security Act in which the reporting of cyber attacks on companies from sensitive sectors was an obligation as the contribution by the German Federal Government to increase data security. Andy Mueller-Maguhn, a former spokesman for the Chaos Computer Club, stressed the importance of strong encryption for data security and warned of the "back doors", like those that RSA Security installed for the NSA. Elmar Brok, Chairman of the European Parliament Committee on Foreign Affairs, and Karl-Theodor zu Guttenberg urged to ward off cyber attacks with offensive actions and stressed the need for a deterrence component. Ben