- Swiss Government – Orders Inquiry After Revelations Crypto AG was Owned and Operated by U.S. and German Intelligence.
According to Washingtop Post, Encryption weaknesses added to products sold by Crypto AG allowed the CIA and its German counterpar, the BND, to eavesdrop on adversaries and allies alike while earnings millions of dollars from the sales. ZDF.
“It was the intelligence coup of the century,” the CIA report concluded. “Foreign governments were paying good money to the US and West Germany for the privilege of having their most secret communications read by at least two (and possibly as many as five or six) foreign countries.”
Neither China or the Soviet Union bought Crypto encryption devices, suspicious of the company’s origin, but according to reports it was solve more than 100 other countries.
“CyOne Security AG was founded in January 2018. The company operates exclusively in the Swiss market with a focus on state-of-the art security solutions for customers from the Swiss public sector,” the statement said. “Since the start of its business activities, CyOne Security has been 100% owned by four Swiss private individuals. It is completely independent of the former Crypto AG. CyOne Security has no ties with any foreign intelligence services.”