voice of the security industry outrageous claims” Furthermore, anyone who knows anything about technology and engineering understands that these arguments are laughable. Interestingly, the Genetec leader appears to lack both understanding of how the systems work, and he appears to have very little respect for the infosec professionals who protect their companies. A video surveillance system is comprised of front-end devices, backend devices, network devices and a system platform. This is where the CISOs and other infosec professionals come in. If any change is made to an edge device – like a camera – it would immediately be detected by the network devices and security platforms. Pierre Racz is fabricating disinformation about Hikvision’s ownership and financing. He says that Hikvision is “owned by the government and has been given a $6 billion subsidy.” such as an IPO, bank credit facilities and bond issuances. Hikvision in August 2016 closed a credit facility of more than $3 billion, with the Export-Import Bank of China. In November 2015, Hikvision secured approximately $3 billion line of credit with the China Development Bank. These are lines of credit. If and when Hikvision takes a loan on a credit line, the entire amount must be repaid with interest. It is not a subsidy or free gift. It works the same way as the other lines of credit that Hikvision has with other international financial institutions including Citibank, HSBC and Deutsche Bank, among others. Genetec also makes assertions that Hikvision is not a commercial entity or is somehow not interested in commercial success. We are the world’s leading video surveillance provider with extremely strong growth. Our preliminary 2016 financial results, released last week show yearover-year overall revenues increased 26 percent and overall profits increased 24 per cent”. Pierre Racz is fabricating disinformation about Hikvision’s ownership and financing. These claims are false, misleading, and irresponsible. Hikvision is a publicly traded company, listed on the Shenzhen Stock Exchange. As of 30 September 2016, our shareholders include government entities (42 percent of our stock is held by two state-owned enterprises). Major stockholders include a Hong Kong businessman, and common-shares investors, including international institutional investors. UBS AG and JP Morgan are among Hikvision’s top 10 shareholders. Also, the subsidy myth has been debunked repeatedly. Like other major corporations, Hikvision uses different types of financing channels Keen Yao, VP of Hikvision International Business Center Keen Yao,the VP for Hikvision International Business Center. Dallmeier_S-Panomera_180x125_EN.indd 1 20.02.2017 16:18:47 dete kto r in te r n at i on al • 9