One Year of the Charter of TrustThe digital world is changing everything. Today, billions of devices are connected through the Internet of Things. While this creates great opportunities, it also harbors great risks. To make the digital world more secure, we have joined forces with the Charter of Trust. It is the beginning of a unique initiative by leading global companies – with a cooperation that is showing the first signs of success and has ambitious goals for the future.
Cybersecurity concerns all of usCybersecurity is and has to be more than a seatbelt or an airbag here; it's a factor that's crucial to the success of the digital economy. People and organizations need to trust that their digital technologies are safe and secure; otherwise they won't embrace the digital transformation. That's why we are signing together a Charter of Trust bearing the principles that are fundamental to a secure digital world.
Companies – and if necessary – governments must establish risk-based rules that ensure adequate protection across all IoT layers with clearly defined and mandatory requirements. Ensure confidentiality, authenticity, integrity, and availability by setting baseline standards, such as
- Identity and access management: Connected devices must have secure identities and safeguarding measures that only allow authorized users and devices to use them.
- Encryption: Connected devices must ensure confidentiality for data storage and transmission purposes, wherever appropriate.
- Continuous protection: Companies must offer updates, upgrades, and patches throughout a reasonable lifecycle for their products, systems, and services via a secure update mechanism.