Siemens signed a charter in Munich this week with eight industry partners to promote the development of more robust cybersecurity systems.

Recommended steps in the charter include the establishment of chief information security roles within companies and dedicated ministries at a government level. Airbus, Allianz, Daimler Group, and IBM were some of the signatories of the document at Munich Security Conference, while Canada’s foreign minster and G7 representative, Chrystia Freeland also endorsed the Charter of Trust, insisting that ‘cybersecurity will be a focus of Canada’s G7 presidency year’.

Siemens President and CEO, Joe Kaeser added: “Confidence that the security of data and networked systems is guaranteed is a key element of the digital transformation. That’s why we have to make the digital world more secure and more trustworthy. It’s high time we acted – not just individually but jointly with strong partners who are leaders in their markets. We hope more partners will join us to further strengthen our initiative.”

The move follows last month’s announcement at the World Economic Forum (WEF) Annual Meeting that a new Global Centre for Cybersecurity is to be established in Geneva. While the Australian Government confirmed last year it is investing $50 million in a new Cyber Security Cooperative Research Centre (CRC) to better protect businesses and individuals.