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Eight entities including NXP, Allianz, Daimler Group, IBM sign “Charter of Trust” to lock up cybersecurity

NXP Semiconductors and eight key partners from the industry signed the first joint charter for greater cybersecurity. The Charter of Trust calls for binding rules and standards to build trust in cybersecurity and further advance digitalization.

Siemens, Munich Security Conference (MSC), Airbus, Allianz, Daimler Group, IBM, SGS and Deutsche Telekom are the entities along with NXP that have signed the Charter of Trust.

The initiative was welcomed by Canadian foreign minister and G7 representative Chrystia Freeland as well as witnessed by El?bieta Bie?kowska, the EU Commissioner for Internal Market, Industry, Entrepreneurship and Small and Medium-sized Enterprises.

The Charter delineates 10 action areas in cybersecurity where governments and businesses must both become active some of those are:

  • Responsibility for cybersecurity to be assumed at the highest levels of government and business. Introduction of a dedicated ministry in governments and a chief information security officer at companies.
  • 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 cybersecurity regulations are to be incorporated into free trade agreements.
  • Greater efforts to foster an understanding of cybersecurity through training and continuing education as well as international initiatives.

According to the ENISA Threat Landscape Report, threats to cybersecurity caused damage costing more than €560 billion worldwide in 2016 alone. For some European countries, the damage ran to 1.6 percent of their entire gross domestic product. And in a digitalized world, threats to cybersecurity are steadily growing: according to Gartner, 8.4 billion networked devices were in use in 2017 – a 31 percent increase from 2016. By 2020, the figure is expected to reach 20.4 billion.

As the world gets more interconnected with the rise of IoT, cybersecurity and the protection of technological and societal assets becomes a global challenge, which calls for strengthening collaboration among the industry, governments, and society.

 

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