MILAN – NTT is now among the partners of the “Charter of Trust”, the global cyber security initiative. The announcement was made by the technology service provider at the Munich Security Conference on February 14, 2020. The role of NTT as a leader in the Japanese market would increase the presence of the Common Card in Asia. Since its creation in 2018, Siemens, Deutsche Telekom and MHI, as well as other brands, have committed themselves to this initiative. Together, the members of the Charter pursue the common goal of ensuring that effective cyber security lays the foundation for an open, fair and successful digital future. To this end, members are promoters of standards and rules to build trust in cyber security and advance digitalization.
“Having been accepted into the selected circle of the Charter of Trust makes us very proud,” commented Kai Grunwitz, CEO of NTT Ltd. in Germany. “We have always been a company that actively influences digitization. This global cross-industry initiative reflects our belief that digitalisation is capable of creating a better future and provides a sustainable contribution to responding to social challenges. Furthermore, cyber security constitutes a decisive pillar for digitization as it creates the confidence necessary to undertake this path. As a member of the Charter of Trust, we are committed to contributing to global cyber security both through our ICT security services and through collaboration with our international partners. “
The importance of cyber security
According to the latest Risk Barometer published by the Allianz insurance group, the threats deriving from cyber attacks have now surpassed other types of risk and are now considered to be the greatest danger for companies. In addition, with more than 30 billion connected IoT devices, the threat is growing. At the Munich Security Conference in February 2018, Siemens and eight other industry partners presented the Joint Charter in favor of better cyber security. The requirements of the Charter refer to technical functionalities and organizational measures relevant for products, services and the corresponding infrastructures. Requirements include, for example, data protection throughout their life cycle or basic standards for employee training in the IT security sector. The supply chain is considered the weakest link in the information security ecosystem of companies. 60% of cyber attacks can be traced back to the supply chain and based on recent studies, small businesses are responsible for around 90% of cyber incidents. In this context, the CoT partners have decided to promote training activities dedicated to cyber security, especially for small and medium-sized enterprises, which are increasingly the target of cyber attacks.
Previous Charter of Trust partners include Siemens, AES, Airbus, Allianz, Atos, Cisco, Dell Technologies, Deutsche Telekom, IBM, MHI, MSC, NXP, SGS, Total and TÜV SÜD as well as three associated partners such as the institution German Federal IT Security (BSI), the National Cryptologic Center (CCN) and the Graz University of Technology. The German semiconductor manufacturer Infineon and the Hasso-Plattner-Institute for Digital Engineering GmbH (HPI) signed the charter simultaneously with NTT.