New Members for the Charter of Trust Siemens and Partners Accelerate Secure Supply Chain

Joe Kaeser, CEO of Siemens.

The "Charter of Trust" initiated by Siemens calls for binding rules and standards in order to build trust in cyber security and further advance digitization. One year after it was signed, the Charter of Trust has grown to 16 members.

The companies Airbus, Allianz, Atos, Cisco, Daimler, Dell Technologies, Deutsche Telekom, Enel, IBM, MSC, NXP, SGS, and TÜV SÜD now belong to the initiative. The German Federal Office for Information Security (BSI), the Spanish National Cryptologic Center (CCN), and the Graz University of Technology also announced their accession to the Munich Security Conference in February 2019. Graz University of Technology has long been involved in cyber security research and discovered the IT security gaps "Meltdown" and "Spectre" in 2018. On February 19, Mitsubishi Heavy Industries (MHI), the first Asian company, also declared its intention to join. MHI is to become an official member by the end of September 2019.

"In the age of the Internet of Things, cyber security is a fundamental task. The Charter of Trust is a very important first step here," says Joe Kaeser, CEO of Siemens. "We are open to many more partners. Cyber security is the key element for a successful digital economy and for the protection of critical infrastructures. We hope that the charter will lead to a lively public discussion - and in the future to binding standards and rules". In October 2018, the partners also developed basic requirements for the cyber security of digital supply chains. These requirements concern technical features and organizational measures that are relevant for products and services as well as for the corresponding IT infrastructure. These requirements include the protection of data over its entire life cycle or minimum requirements for the training of employees in the area of IT security. The members of the charter plan to introduce these tasks into their own global supply chains and involve suppliers in the process. The supply chain is considered the weakest point in a company's cyber security ecosystem: 60 percent of cyber attacks can be traced back to parts of the supply chain, and small companies are responsible for 92 percent of cyber incidents according to Accenture Strategy.

In 2018, global Charter of Trust discussion rounds facilitated an intensive exchange between Charter partners and policymakers. Globally, cyber security is now an integral part of the political agenda: the "Paris Call for Trust and Security in Cyberspace" presented by French President Emmanuel Macron in November is based on the principles of the Charter of Trust and confirms the willingness to work together on international standards for cyber security. The Charter of Trust has set itself ambitious goals for 2019. In addition to the further deepening and expansion of the political dialogue, the topics "Cybersecurity by Default" and "Education" are to be promoted, i.e., the forward-looking cyber security attitudes, e.g., of a product and global training measures within and outside the companies. According to the Center for Strategic and International Studies, cyber attacks caused more than 500 billion euros of global damage in 2018. According to Gartner, around 8.4 billion networked devices were in use in 2017, 31 percent more than in 2016. By 2020, the figure is expected to rise to 20.4 billion.