Mobile phones are relatively easy to use for eavesdropping on private conversations. They are therefore an attractive target for hackers who aim to sell or use valuable information during an M&A-process that have significant impact on the stock market. Phones can be hacked through downloaded apps that have access to the microphone and by physically getting a hold of the phone to install malicious software. This means that a phone should never be left out of sight and that a phone never should be laying around during a meeting where sensitive information is discussed. An obvious cyber security conundrum.
Shield safeguarding
Shield is our solution to this problem, a noise masking box especially developed to make phones less of a security risk. Here is an example of how Shield can play an important role for safeguarding and information security during a M&A-process.
During a six months long merger process between two large corporations, meetings are held biweekly. Whether done intentionally or accidentally, any information leakage may be the end of the merger and could also be used to conduct insider trading. Before all meetings the participants are expected to put their phones and smartwatches in Shield.
Read more about Shield here.
