United Kingdom

Details

  • Industry: Technology
  • Type: Press release
  • Date: 08/11/2013

Lapses in cyber governance could be good news for European business, says KPMG 

 

Stephen Bonner, a partner in KPMG’s Information Protection & Business Resilience team, comments on the lack of adequate governance surrounding cyber activities and control of the Internet moving into the hands of national governments. He says: 

 

“With Internet governance and surveillance the hot topic of the moment, questions should be asked about the rationale behind how and why authoritarian – and democratic - governments control the information their citizens can access online. Until now, a number of organisations have shared responsibility for the governance of the Internet, like US based ICANN, but a shift in trust looks set to bring change. EU citizens and companies are increasingly seeking EU based services rather than US headquartered or hosted services as a reaction to recent NSA spying exposés - the recent news about the 'Swiss cloud', that is free from NSA’s reach, comes to mind as a good example.  This disposition and the rejection of standards from across the Pond could definitely be great for the EU, but bad for business for the US.

 

“The US has been at the cutting edge of setting core standards, having helped develop many of the approaches in the first place. This advantage has meant that the US was best placed to innovate at a local level and excel in academic research. The change in mood, however, could mean that the next generation of Internet rules and regulations probably won’t come from US headquartered organisations, but more so from trusted EU entities.

 

“To some extent, the very well being of the nation that these spies were charged with protecting is at risk, through their actions as an economic power. The question this brings forward is, will the EU set the right parameters on privacy to capture the next wave of Internet technologies or will the US Internet giants be able to force the hand of their government to restore trust?”

 

ENDS


Media enquiries:

 

Nahidur Rahman, KPMG Press Office

020 7694 8812 (t) or nahidur.rahman@kpmg.co.uk

 

Mike Petrook, KPMG Press Office

020 7311 5271 (t), 07917 384 576 (m) or mike.petrook@kpmg.co.uk

 

Notes to Editors:

 

About KPMG

 

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.

 

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