New Charter of Trust Members

Friday, May 18, 2018 @ 01:05 PM gHale

New members of the Charter of Trust joined Siemens president and chief executive, Joe Kaeser. Shown from left to right are Prof. Dr.-Ing. Axel Stepken, chairman of the board of management of TÜV SÜD AG; Patrick Pouyanné, chairman and chief executive of Total; Kaeser; Michael Dell, chairman and chief executive of Dell Technologies, and Michael Timmeny, senior vice president and chief government strategy officer of Cisco.

By Gregory Hale
Four more companies just joined the industrty-wide cybersecurity-focused Charter of Trust.

The four companies, Dell Technologies, Cisco, Total, and TUV SUD, join other members in forming the Charter of Trust, which has three primary goals: To protect the data of individuals and businesses; to prevent harm to people, businesses, and infrastructure, and establish a reliable basis where confidence in a networked, digital world can take root and grow.

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“The Internet is reaching the industrial world,” said Joe Kaeser, chief executive of Siemens AG during a Thursday Charter of Trust signing ceremony at the Future of Cybersecurity event which was a part of National Infrastructure Week hosted by Bloomberg in Washington. “Millions of devices are connected already, soon to be trillions of devices. Today, data is more relevant than ever, but the challenge arises as to securing this data, and the infrastructure that creates it. All of a sudden, cybersecurity has a new meaning. It is not all about protecting our email accounts or our Facebook or Whatsapp. Today it is reaching critical infrastructure. Assets need to be protected. People’s lives depend on a secure environment. The Charter of Trust are big words. Charter is something that stands for timeless things. Trust is an even bigger word.

At the core of the Charter are ten principles:
1. Ownership of cyber at IT security
2. Responsibility through the digital supply chain where there is identity and access management, encryption, and continuous protection
3. Security by default
4. User-centricity
5. Innovation and co-creation
6. Education
7. Certification for critical infrastructure and solutions
8. Transparency and response
9. Regulatory framework
10. Joint initiatives

The four new companies join AES Corporation, Atos, Enel and founding members Siemens, Airbus, Allianz, Daimler Group, IBM, MSC, NXP, SGS and Deutsche Telekom.

“With the Charter of Trust, we can work together to set a common ground for how we protect our data, our people and our assets,” Kaeser said The Charter of Trust also means we explain to society and our people the digital age is going to be a positive thing for society, he added.

“Cisco is joining this critical charter because we understand IoT security is not in the hands of any one player but it is a shared responsibility,” said Michael Timmeny, senior vice president and chief government strategy officer at Cisco, who represented chairman and chief executive Chuck Robbins who signed the charter. “By 2021, 27 billion devices will be connected around the world. Almost 14 billion of these will be machine to machine connections. Already 18 billion devices are connected. The day of technological innovation not only presents opportunities, but it raises new risks and challenges which must be addressed by industry, buyers, users and policy makers.”

“We believe technology holds great promise for human potential,” said Michael Dell, chairman and chief executive at Dell Technologies. “It is also important to take in consideration the security infrastructure from the Internet of Things, to the distributed core, to the clouds being built. The word trust is very important because if you think about all of our brands and all the great companies that we have the honor to serve all the great public institutions, all of those are at their core relying on us. It is a challenge that is bigger than any one company; bigger than any one geography. The Charter of Trust acts as a vehicle to bring us all together to advance innovation and public policy and build the trust in security we all desire and deserve.”

“Total is the first oil and gas company to join the charter of trust,” said Patrick Pouyanne, chief executive at Total. “Cybersecurity is one of the major risks to protect our plants. Last board of director meetings we had one hour devoted to cybersecurity, this was an important matter. This is a matter of critical importance, not a matter of competition.”

“We have been enabling progress by protecting people, assets and environment from technologically-related risks,” said Dr. Axel Stepken, chairman of the board of management at TUV SUD. When I look at the founding purpose of the company during the first industrial revolution when the most dangerous technology at the time was steam boilers that exploded and killed people. Stealing data is not a fatal act, but today safety and security go together. There is no way an industrial plant can be run safety without cybersecurity of all measures to prevent cybercrime. “

The Charter of Trust was first unveiled at the Munich Security Conference (MSC) in February where the founding companies called for binding rules and standards to ensure greater digital security and integrity in the public and private sectors.

As the number of cyberattacks worldwide continues to grow, the hardware and software that control critical infrastructure like electricity and gas have become high-value targets. A study of the U.S. oil and gas industry by Ponemon Institute found operational technology (OT) cyberattacks now comprise 30 percent of all attacks in the U.S. oil and gas industry.



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