The importance of online security in maintaining the integrity of Tech Giants

Earlier this year, a host of the world’s biggest tech firms agreed to a joint security charter, designed to guard their customers and products from cyber-attacks. The new Cybersecurity Tech Accord involves some of the most prominent and influential technology giants, including Microsoft, Facebook, HP, and Oracle, all of whom are keen to prevent cyber-criminals and nation states from lurking around their customers and within their connected technologies. The primary aim of the charter is to collaborate on tougher cyber-defence strategies to repel cyber-attackers and ensure that consumers can rely on 24/7 protection.

Cyber protection for a truly connected world

One trillion connected devices are forecast to be deployed throughout the next two decade – reinforcing the need for a “trusted foundation” for consumers according to Carolyn Herzog, general counsel at chip and technological device architects Arm. Herzog believes the alignment of “resources, expertise and thinking” of some of the most influential tech companies in the world can only be a positive step for tech users.

Kevin Simzer, chief operating officer at multinational cyber defence and security firm Trend Micro, concurs that the real-world effects of cyber-crime are already being felt and that the Cybersecurity Tech Accord was necessary to “stop future attacks from causing even more damage”. Last month, key companies in the global communications infrastructure – such as cloud-based platform Salesforce – also sought to join the watershed agreement, pledging equal protection for consumers worldwide.

In the UK alone, a recent report from the National Cyber Security Centre (NCSC) confirms that Britain’s cyber-security risk is “greater than ever before”. Although tech firms need to invest more heavily in repairing security holes and guarding against future breaches, it is money well spent compared with the damage to their reputation and trust from customers.

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