Volkswagen’s alliance to secure the connected world
Germany doesn’t joke around about security, and one of its most well-known companies is helping create an alliance to curb malicious attacks in the connected world.
Volkswagen Group announced that it has partnered with insurance company Allianz SE, pharmaceutical company Bayer AG, and chemical producer BASF SE, to form the “DCSO” (German Cybersecurity Organization). The goal of the company is to operate as the preferred cybersecurity service provider for companies in Germany.
The DCSO will operate as a financially independent limited liability company, and the four founding investors will put up the seed capital. Once antitrust approval has been obtained, the founding companies will each hold a 25 percent stake in DCSO. Profits made will be reinvested in research and development, and in strategic projects.
“Attacks on corporate IT systems are increasing, and it’s of interest to Germany’s economy to be prepared,” Lasse Osteneck, a spokesman for Volkswagen, said in an interview with Bloomberg. “Security is non-negotiable and that’s also true for Volkswagen. We believe the new company is closing a market gap.”
DCSO will collaborate with the Federal Ministry of Interior (BMI) and the Federal Office for Information Security (BSI) to gather specialist knowledge regarding cybersecurity, and this exchange of information is expected to help compile anonymized status report on national cybersecurity.
Aside from gathering cybersecurity knowledge, the organization will also support other companies that are active in Germany to improve their security architecture by offering high-quality services that are able to identify cyber risks as well as repel cyber attacks. Some of the services include an early-warning system and security audits to review corporate information security, and the first services will be rolled out in 2016. The DCSO also aims to develop new security technologies with its collaboration with other partners.
Interested parties are welcome to join DCSO, which will also have a specialist council that will foster the development of services jointly developed by businesses and industry associations. This specialist council will also serve as a joint forum for cybersecurity in Germany.
Photo by pixelcreatures (Pixabay)
A message from John Furrier, co-founder of SiliconANGLE:
Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.
- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network
Are you an AWS customer? Support SiliconANGLE financially by buying your AWS services from our Marketplace portal page and links: https://siliconangle.com/aws-marketplace/
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.
Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.
