MGT Appoints Steve Orenberg as Chairman of its ELSTAB Advisory Board

MGT today announced the appointment of Steve Orenberg, a long-time executive in the Internet and cyber security industry, as the Chairman of the Company's newly formed Emerging Large Scale Technology Advisory Board (ELSTAB), effective immediately. 

Orenberg is currently serving as the President and CEO of EdgeWave, a cyber security company delivering innovative, effective and efficient security solutions across the full spectrum of business and government organizations. Most notably, Orenberg spent the past 10 years as the President of Kaspersky Lab, Inc., where he founded the company's North American operation and grew it into a $160 million plus concern. Orenberg's leadership grew Kaspersky into the position of number one vendor partner in corporate and government enterprise client security software.  Previously, Orenberg was President of the internet security companies Sophos, Inc., NetGuard and Dr. Solomon's Software, which was acquired by Network Associates (now Intel Security) in 1998.

"Steve is exactly the person I have been looking for to advise us on the intricate field of securing critical large scale cyber systems and their increasing connection to, and dependence on mobile devices. Steve and I both understand that the anti-virus paradigm is finished and that a new paradigm must be developed," said John McAfee, proposed Executive Chairman and Chief Executive Officer of MGT Capital. "We are honored that Steve has agreed to head up our new ELSTAB."