World’s top 34 technology and securities firms, led by Microsoft and Facebook, have signed a "Cyber-security Tech Accord", a watershed agreement among the largest-ever group of companies agreeing to defend people from malicious attacks by cybercriminals and nation-states.
Cyber-security Tech Accord
The "Cyber-security Tech Accord" is a public commitment among 34 global companies to protect and empower civilians online and to improve the security, stability and resilience of cyberspace.
The Cyber-security Tech Accord agreement will prevent them help governments launch cyber attacks against innocent citizens and enterprises. It will also protect against tampering or exploitation of their products and services through every stage of technology development, design and distribution.
This tech sector accord will help the companies to take a principled path towards more effective steps to work together and defend customers around the world.
These companies made commitments in four areas:
The companies will mount a stronger defence against cyber-attacks. As part of this, recognizing that everyone deserves protection, the companies pledged to protect all customers globally regardless of the motivation for attacks online.
The companies will not help governments launch cyber-attacks against innocent citizens and enterprises, and will protect against tampering or exploitation of their products and services through every stage of technology development, design and distribution.
The companies will do more to empower developers and the people and businesses that use their technology, helping them improve their capacity for protecting themselves. This may include joint work on new security practices and new features the companies can deploy in their individual products and services.
The companies will build on existing relationships and together establish new formal and informal partnerships with industry, civil society and security researchers to improve technical collaboration, coordinate vulnerability disclosures, share threats and minimize the potential for malicious code to be introduced into cyberspace.
Cyber-security Tech Accord Signatories:
ABB, ARM, AVAST, BITDEFENDER, BT, CA TECHNOLOGIES, CISCO, CLOUDFLARE, DATASTAX, DELL, DOCUSIGN, FACEBOOK, FASTLY, FIREEYE, F-SECURE, GITHUB, GUARDTIME, HP INC, HPE, INTUIT, JUNIPER NETWORKS, LINKEDIN, MICROSOFT, NIELSEN, NOKIA, ORACLE, RSA, SAP, STRIPE, SYMANTEC, TELEFONICA, TENABLE, TRENDMICRO, VMWARE.
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Companies that signed the accord plan to hold their first meeting during the security-focused RSA Conference taking place in San Francisco, and will focus on capacity building and collective action.
Future actions may include jointly developed guidelines or broadly deployed features, as well as information sharing and partnering to combat specific threats to make the online world a safer place for people and businesses everywhere and uphold the promise and benefit technology offers society.
The Tech Accord remains open to consideration of new private sector signatories, large or small and regardless of sector, who are trusted, have high cyber-security standards and will adhere unreservedly to the Accord's principles.
The victims of cyber-attacks are businesses and organisations of all sizes, with economic losses expected to reach $8 trillion by 2022.
The cyber attacks in the past have caused small businesses to shutter their doors, hospitals to delay surgeries and governments to halt services, among other disruptions and safety risks.