Siemens and Partners Sign Joint Charter on Cybersecurity

Siemens (NQB:SIEGY) and eight partners announced at the Munich Cybersecurity Conference that they will sign the first joint charter for greater cybersecurity.

As quoted in the press release:

Initiated by Siemens, the Charter of Trust calls for binding rules and standards to build trust in cybersecurity and further advance digitalization. In addition to Siemens and the Munich Security Conference (MSC), the companies Airbus, Allianz, Daimler Group, IBM, NXP, SGS and Deutsche Telekom are signing the Charter. The initiative is further welcomed by Canadian foreign minister and G7 representative Chrystia Freeland as well as witnessed by Elżbieta Bieńkowska, the EU Commissioner for Internal Market, Industry, Entrepreneurship and Small and Medium-sized Enterprises.

“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 cybersecurity where governments and businesses must both become active. It calls for responsibility for cybersecurity 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 cybersecurity regulations are to be incorporated into free trade agreements. The Charter’s signatories also call for greater efforts to foster an understanding of cybersecurity through training and continuing education as well as international initiatives.

Click here to read the full press release.