You are viewing 1 of 1 articles without an email address.

All our articles are free to read, but complete your details for free access to full site!

Already a Member?
Login Join us now

Cyber security charter formed

The charter calls for dedicated government ministries and chief information security officers

Siemens hopes more partners will join to strengthen the cyber-security initiative
Siemens hopes more partners will join to strengthen the cyber-security initiative

Siemens and eight partners from industry have signed the first joint charter for greater cyber-security at the Munich Security Conference.


Initiated by Siemens, the Charter of Trust calls for binding rules and standards to build trust in cyber-security and further advance digitalisation. In addition to Siemens and the Munich Security Conference (MSC), Airbus, Allianz, Daimler Group, IBM, NXP, SGS and Deutsche Telekom are signing the Charter.


“Confidence that the security of data and networked systems is guaranteed is a key element of the digital transformation,” said Siemens president and CEO Joe Kaeser. “That’s why we have to make the digital world more secure and more trustworthy.


"It’s high time we acted – not just individually but jointly with strong partners who are leaders in their markets. We hope more partners will join us to further strengthen our initiative.”


The Charter delineates 10 action areas in cyber-security where governments and businesses must both become active. It calls for responsibility for cyber-security to be assumed at the highest levels of government and business, with the introduction of a dedicated ministry in governments and a chief information security officer at companies.


It also calls for companies to establish mandatory, independent third-party certification for critical infrastructure and solutions – above all, where dangerous situations can arise, such as with autonomous vehicles or the robots of tomorrow, which will interact directly with humans during production processes.


In the future, security and data protection functions are to be preconfigured as a part of technologies, and cyber-security regulations are to be incorporated into free trade agreements. The Charter’s signatories also call for greater efforts to foster an understanding of cyber-security through training and continuing education as well as international initiatives.


The matter was a top priority for the Munich Security Conference. “Governments must take a leadership role when it comes to the transaction rules in cyberspace,” said Wolfgang Ischinger, chairman of the conference.


“But the companies that are in the forefront of envisioning and designing the future of cyberspace must develop and implement the standards. That’s why the Charter is so important. Together with our partners, we want to advance the topic and help define its content.”


According to the European Union Agency for Network and Information Security (ENISA) Threat Landscape Report, cyber-security attacks caused damage totalling more than €560 billion worldwide in 2016 alone.


For some European countries, the damage was equivalent to 1.6 per cent of the gross domestic product. And in a digitalised world, the threats to cyber-security are steadily growing: According to Gartner, 8.4 billion networked devices were in use in 2017 – a 31-percent increase over 2016. By 2020, the figure is expected to reach 20.4 billion.


If you like this, you might be interested in reading the following:


US Homeland Security official predicts great ‘risk of privacy harm in IoT’

Governments and developers of IoT sensors urged to find ways to minimise collection of personal data

Read more


Preventing the ‘digital dark age’

The World Economic Forum has announced the launch of the Global Centre for Cybersecurity at its annual meeting in Davos

Read more


Forget the skills gap, in energy cyber-security it’s a a chasm, says Michael John, director at ENCS

There simply aren’t enough people with the right skills in the energy industry to keep our grids secure

Read more

Add New Comment
You must be a member if you wish to add a comment - why not join for free - it takes just 60 seconds!