Shield preventing insider trading at a municipality
Discussing a stock price-affecting construction permit at a municipality
Mobile phones are relatively easy to use for eavesdropping on meetings. They are therefore an attractive target for people who seek to steal information of value. 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.
Stop insider trading crimes
To enable free conversations around classified information, we created Shield, a noise-box especially developed to make phones less of a security risk. Here is an example of how Shield secures a construction permit meeting.
A large construction permit is to be approved or denied. The decision affects stock prices, housing prices and more prices that are subject to potential insider trading crimes. To minimize the risk of eavesdropping the municipality has a meeting room especially designed for meetings around sensitive information. The meeting room is equipped with a Shield in which all phones and smartwatches are put whenever a meeting is hosted.
Read more about Shield here.