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London Business Matters

February 2017 Brexit Report 11 German business wary of a hard Brexit A majority of companies of the German-British business community believe that in the medium term Brexit will be negative for their business, according to a survey by the German-British Chamber of Industry & Commerce. Only 11 per cent think that a Brexit will be positive for their business, with the remainder saying either that the effect would be neither positive nor negative (12 per cent) or that they do not know (21 per cent). Among those saying the impact would be negative, more think the impact would be ‘very’ rather than ‘fairly’ negative (32 per cent and 24 per cent, respectively). Uncertainty According to Dr Ulrich Hoppe, director general of the Chamber, these results show, “that substantial uncertainty continues to be felt in the business community, even if the sentiment towards a Brexit is not as negative as it was before the referendum.” Respondents were asked follow-up questions about the impact of a soft or a hard Brexit on their likely future investment in the UK. Thirty eight per cent said in case of a soft Brexit the effect would be fairly positive or very positive and only 14 per cent said the effects would be fairly negative to very negative. For nearly half the companies the effect would neither be positive nor negative. The picture changed completely when asked about the consequences of a hard Brexit. For more than two thirds of companies this would have a fairly negative or very negative effect. Only a handful of companies viewed the effects of a hard Brexit as fairly positive or very positive for their future investment in the UK. Crucial Respondents identified a few key issues for the upcoming negotiations, most importantly a smooth transition period to ensure stability on the currency markets (80 per cent). This is followed by the desire to continue to be able to easily employ workers from the European Union (66 per cent) and continued access to the single market (64 per cent). Common standards on trademarks and patents are also important for 40 per cent of the respondents. A sector-specific analysis shows that passporting rights are crucial for financial services, and access to European research funding and a common framework for pharmaceuticals and medicines is hugely important for that particular industry. Chamber Council chair and partner at law firm Nabarro LLP, Patricia Godfrey, commented: “The relationship between Germany and the UK is central to a successful Brexit negotiation. The findings show that the German-British business community favours a soft Brexit and a smooth transitional period. Any hard Brexit will be a major blow to their confidence with 68 per cent saying it would have a negative impact on their business. We hope politicians on both sides take note of our findings.” The German-British Chamber of Industry & Commerce conducted 195 online interviews with its members and German subsidiary companies in the UK. Fieldwork was conducted between 30 November and 7 December 2016. www.ahk-london.co.uk “substantial uncertainty continues to be felt in the business community, even if the sentiment towards a Brexit is not as negative as it was before the referendum” Dr Ulrich Hoppe Cyber versus Traditional Espionage Jtiti• •ti• titifififififitititi titi titititi titifififififitititi tifitititititititifiti Jtiti• •ti• titifififififitititi titi titititi titifififififitititi tifitititititititifiti Jtiti• •ti• titifififififitititi titi titititi titifififififitititi tifitititititititifiti “Both traditional and cyber espionage continue to pose a threat to British interests, with the commercial sector very much in the front line” – Centre for the Protection of National Infrastructure (CPNI) CYBER-CRIME encompasses a broad range of illegal activities including computer viruses, Malware, DOS attacks and hacking. While there is little doubt that the frequency of these types of intrusion is on the increase, there is a danger that organisations may be leaving themselves open to attack from cyber and more traditional espionage methods, such as the use of covert listening devices, phone hacking, dumpster diving, honey traps and in particular to the ever increasing “insider” threat. Traditional espionage techniques are being utilised to facilitate many of the cyber-attacks we are reading about in today’s news. Illegal intelligence gathering via illicit surveillance devices or through the retrieval of documents from rubbish bins can yield an incredible amount of sensitive information that can then be used to implement a cyber-attack. The recruitment of a disgruntled employee, deployed to steal information or plant a listening device often totally Ctitititititifiti tititititititititi titi titi fititi titititititititi tititi fititi titititititititi tititititititi tititi titi tititititititi tifftititititi tititititi tititititititi tititititititititititi tititifitititititi tititi titititititititi titititifititititititi •titi•fitititi L•fi titi ti titititititititi titititititi titititifititititititititititititititi titititititititi tititi titititititititititi titi fititi tititifitititititi titi titititititititititi tititi titititititititititititi titi titititititititititi tititititititititi tititi fltifltitititi titititifititifltititititititititi titititititititi fiti tititifi fititi titititititititi tititititi titi titititi tititititititititi tititititititi tititi titititi fiti titititititifititifiti titi titititititititi titi titititititi tititi titititititititi titititititititi undetected, has also been widely reported. Chances are your company is most likely already a target from corporate espionage activity. It affects share prices, undermines confidence and compromises client security and confidentiality. When companies lose control of proprietary information, there can be serious consequences. Reviewing and improving your organisation’s security practises and conducting regular bugsweeps Ctitititititifiti tititititititititi titi titi fititi titititititititi tititi fititi titititititititi tititititititi tititi titi tititititititi tifftititititi tititititi tititititititi tititititititititititi tititifitititititi tititi titititititititi titititifititititititi •titi•fitititi L•fi titi ti titititititititi titititititi titititifititititititititititititititi titititititititi tititi titititititititititi titi fititi tititifitititititi titi titititititititititi tititi titititititititititititi titi titititititititititi tititititititititi tititi fltifltitititi titititifititifltititititititititi titititititititi fiti tititifi fititi titititititititi tititititi titi titititi tititititititititi tititititititi tititi titititi fiti titititititifititifiti titi titititititititi titi titititititi tititi titititititititi titititititititi Ctitititititifiti tititititititititi titi titi fititi titititititititi tititi fititi titititititititi tititititititi tititi titi tititititititi tifftititititi tititititi tititititititi tititititititititititi tititifitititititi tititi titititititititi titititifititititititi •titi•fitititi L•fi titi ti titititititititi titititititi titititifititititititititititititititi titititititititi tititi titititititititititi titi fititi tititifitititititi titi titititititititititi tititi titititititititititititi titi titititititititititi tititititititititi tititi fltifltitititi titititifititifltititititititititi titititititititi fiti tititifi fititi titititititititi tititititi titi titititi tititititititititi tititititititi tititi titititi fiti titititititifititifiti titi titititititititi titi titititititi tititi titititititititi titititititititi Just how confidential is your confidential information? Corporate espionage is on the increase and the resulting damages can be severe, affecting share prices, undermining confidence and damaging reputations. Esoteric Ltd is a leading, global countersurveillance • •fititititi•ti ••titi•fi•ti •fi•fititi•tififi• •ti••titi• •••• • •ti• ••fifi•tifi• • •••• •tititifitifi• •titititifiti • •ti•titifiti•fi ••titifififititi •titifififi•ti • •titi•ti•fiti••ti•titifi ••tififi •titififitititi •fi•fititi•tititifiti TSCM / Bug Sweeping • Security Strategy Development Support • TSCM Training Courses • Espionage Awareness Briefings • Computer / Mobile Phone Forensic Investigations • Cyber Risk Review • •fititititi•ti ••titi•fi•ti •fi•fititi•tififi• •ti••titi• • •••• • •ti• ••fifi•tifi• • •••• •tititifitifi• •titititifiti • •ti•titifiti•fi ••titifififititi •titifififi•ti • •titi•ti•fiti••ti•titifi ••tififi •titififitititi •fi•fititi•tititifiti • •fititititi•ti ••titi•fi•ti •fi•fititi•tififi• •ti••titi• • •••• • •ti• ••fifi•tifi• • •••• •tititifitifi• •titititifiti • •ti•titifiti•fi ••titifififititi •titifififi•ti • •titi•ti•fiti••ti•titifi ••tififi •titififitititi •fi•fititi•tititifiti company. Our specialism is the protection of information and conversations by delivering innovative and flexible counter-espionage solutions to meet the changing needs of your business, leaving you free to concentrate on business as usual. Our services include: • TSCM/Bug Sweeping • Security Strategy Development Support • TSCM Training Courses • Espionage Awareness Briefings • Computer/Mobile Phone Forensic Investigations Cyber Risk Review •tititi •tifititi •ti fififi titi• •ti• •titi•fitititi titititifi •fiti• tititi •ti fififi• titititi •tititififititi fifififi titititi •tititififititifi are effective ways of •tititi •tifititi •ti fififi titi• •ti• •titi•fitititi titititifi •fiti• tititi •ti fififi• titititi •tititififititi fifififi titititi •tititififititifi •tititi •tifititi •ti fififi titi• •ti• •titi•fitititi titititifi •fiti• tititi •ti fififi• titititi •tititififititi fifififi titititi •tititififititifi ensuring long term protection from corporate espionage. Remember, information comes in many forms and the confidentiality of it is key. A security programme that includes all security disciplines including physical, personnel, operational and technical is the only effective solution. Firms need to look at their defences to see that their information is protected and employ a level of countermeasures appropriate to the risks and potential losses that it faces. ADVERTORIAL Jtiti• •ti• titifififififitititi titi titititi titifififififitititi tifitititititititifiti Jtiti• •ti• titifififififitititi titi titititi titifififififitititi tifitititititititifiti Jtiti• •ti• titifififififitititi titi titititi titifififififitititi tifitititititititifiti Ctitititititifiti tititititititititi titi titi fititi titititititititi tititi fititi titititititititi tititititititi tititi titi tititititititi tifftititititi tititititi tititititititi tititititititititititi tititifitititititi tititi titititititititi titititifititititititi •titi•fitititi L•fi titi ti titititititititi titititititi titititifititititititititititititititi titititititititi tititi titititititititititi titi fititi tititifitititititi titi titititititititititi tititi titititititititititititi titi titititititititititi tititititititititi tititi fltifltitititi titititifititifltititititititititi titititititititi fiti tititifi fititi titititititititi tititititi titi titititi tititititititititi tititititititi tititi titititi fiti titititititifititifiti titi titititititititi titi titititititi tititi titititititititi titititititititi Ctitititititifiti tititititititititi titi titi fititi titititititititi tititi fititi titititititititi tititititititi tititi titi tititititititi tifftititititi tititititi tititititititi tititititititititititi tititifitititititi tititi titititititititi titititifititititititi •titi•fitititi L•fi titi ti titititititititi titititititi titititifititititititititititititititi titititititititi tititi titititititititititi titi fititi tititifitititititi titi titititititititititi tititi titititititititititititi titi titititititititititi tititititititititi tititi fltifltitititi titititifititifltititititititititi titititititititi fiti tititifi fititi titititititititi tititititi titi titititi tititititititititi tititititititi tititi titititi fiti titititititifititifiti titi titititititititi titi titititititi tititi titititititititi titititititititi Ctitititititifiti tititititititititi titi titi fititi titititititititi tititi fititi titititititititi tititititititi tititi titi tititititititi tifftititititi tititititi tititititititi tititititititititititi tititifitititititi tititi titititititititi titititifititititititi •titi•fitititi L•fi titi ti titititititititi titititititi titititifititititititititititititititi titititititititi tititi titititititititititi titi fititi tititifitititititi titi titititititititititi tititi titititititititititititi titi titititititititititi tititititititititi tititi fltifltitititi titititifititifltititititititititi titititititititi fiti tititifi fititi titititititititi tititititi titi titititi tititititititititi tititititititi tititi titititi fiti titititititifititifiti titi titititititititi titi titititititi tititi titititititititi titititititititi Jtiti• •ti• titifififififitititi titi titititi titifififififitititi tifitititititititifiti Jtiti• •ti• titifififififitititi titi titititi titifififififitititi tifitititititititifiti Jtiti• •ti• titifififififitititi titi titititi titifififififitititi tifitititititititifiti • •fititititi•ti ••titi•fi•ti •fi•fititi•tififi• •ti••titi• •••• • •ti• ••fifi•tifi• • •••• •tititifitifi• •titititifiti • •ti•titifiti•fi ••titifififititi •titifififi•ti • •titi•ti•fiti••ti•titifi ••tififi •titififitititi •fi•fititi•tititifiti TSCM / Bug Sweeping • Security Strategy Development Support • TSCM Training Courses • Espionage Awareness Briefings • Computer / Mobile Phone Forensic Investigations • Cyber Risk Review • •fititititi•ti ••titi•fi•ti •fi•fititi•tififi• •ti••titi• • •••• • •ti• ••fifi•tifi• • •••• •tititifitifi• •titititifiti • •ti•titifiti•fi ••titifififititi •titifififi•ti • •titi•ti•fiti••ti•titifi ••tififi •titififitititi •fi•fititi•tititifiti • •fititititi•ti ••titi•fi•ti •fi•fititi•tififi• •ti••titi• • •••• • •ti• ••fifi•tifi• • •••• •tititifitifi• •titititifiti • •ti•titifiti•fi ••titifififititi •titifififi•ti • •titi•ti•fiti••ti•titifi ••tififi •titififitititi •fi•fititi•tititifiti Ctitititititifiti tititititititititi titi titi fititi titititititititi tititi fititi titititititititi tititititititi tititi titi tititititititi tifftititititi tititititi tititititititi tititititititititititi tititifitititititi tititi titititititititi titititifititititititi •titi•fitititi L•fi titi ti titititititititi titititititi titititifititititititititititititititi titititititititi tititi titititititititititi titi fititi tititifitititititi titi titititititititititi tititi titititititititititititi titi titititititititititi tititititititititi tititi fltifltitititi titititifititifltititititititititi titititititititi fiti tititifi fititi titititititititi tititititi titi titititi tititititititititi tititititititi tititi titititi fiti titititititifititifiti titi titititititititi titi titititititi tititi titititititititi titititititititi Ctitititititifiti tititititititititi titi titi fititi titititititititi tititi fititi titititititititi tititititititi tititi titi tititititititi tifftititititi tititititi tititititititi tititititititititititi tititifitititititi tititi titititititititi titititifititititititi •titi•fitititi L•fi titi titititititititi titititititi titititifititititititititititititititi titititititititi tititi titititititititititi titi fititi tititifitititititi titi titititititititititi tititi titititititititititititi titi titititititititititi tititititititititi tititi fltifltitititi titititifititifltititititititititi titititititititi fiti tititifi fititi titititititititi tititititi titi titititi tititititititititi tititititititi tititi titititi fiti titititititifititifiti titi titititititititi titi titititititi tititi titititititititi titititititititi Ctitititititifiti tititititititititi titi titi fititi titititititititi tititi fititi titititititititi tititititititi tititi titi tititititititi tifftititititi tititititi tititititititi tititititititititititi tititifitititititi tititi titititititititi titititifititititititi •titi•fitititi L•fi titi titititititititi titititititi titititifititititititititititititititi titititititititi tititi titititititititititi titi fititi tititifitititititi titi titititititititititi tititi titititititititititititi titi titititititititititi tititititititititi tititi fltifltitititi titititifititifltititititititititi titititititititi fiti tititifi fititi titititititititi tititititi titi titititi tititititititititi tititititititi tititi titititi fiti titititititifititifiti titi titititititititi titi titititititi tititi titititititititi titititititititi Tti +44 (0) 1483 740423 Eti titititi@tititifitititititifitititititi Wti wwwtitititifitititititifitititititi Tti +44 (0) 1483 740423 Eti titititi@tititifitititititifitititititi Wti wwwtitititifitititititifitititititi Tti +44 (0) 1483 740423 Eti titititi@tititifitititititifitititititi Wti wwwtitititifitititititifitititititi •tititi •tifititi •ti fififi titi• •ti• •titi•fitititi titititifi •fiti• tititi •ti fififi• titititi •tititififititi fifififi titititi •tititififititifi tititi •tifititi •ti fififi titi• •ti• •titi•fitititi titititifi •fiti• tititi •ti fififi• titititi •tititififititi fifififi titititi •tititififititifi tititi •tifititi •ti fififi titi• •ti• •titi•fitititi titititifi •fiti• tititi •ti fififi• titititi •tititififititi fifififi titititi •tititififititifi Tti +44 (0) 1483 740423 Eti titititi@tititifitititititifitititititi Wti wwwtitititifitititititifitititititi Tti +44 (0) 1483 740423 Eti titititi@tititifitititititifitititititi Wti wwwtitititifitititititifitititititi Tti +44 (0) 1483 740423 Eti titititi@tititifitititititifitititititi Wti wwwtitititifitititititifitititititi • •fititititi•ti ••titi•fi•ti •fi•fititi•tififi• •ti••titi• •••• • •ti• ••fifi•tifi• • •••• •tititifitifi• •titititifiti • •ti•titifiti•fi ••titifififititi •titifififi•ti • •titi•ti•fiti••ti•titifi ••tififi •titififitititi •fi•fititi•tititifiti TSCM / Bug Sweeping • Security Strategy Development Support • TSCM Training Courses • Espionage Awareness Briefings • Computer / Mobile Phone Forensic Investigations • Cyber Risk Review • •fititititi•ti ••titi•fi•ti •fi•fititi•tififi• •ti••titi• • •••• • •ti• ••fifi•tifi• • •••• •tititifitifi• •titititifiti • •ti•titifiti•fi ••titifififititi •titifififi•ti • •titi•ti•fiti••ti•titifi ••tififi •titififitititi •fi•fititi•tititifiti • •fititititi•ti ••titi•fi•ti •fi•fititi•tififi• •ti••titi• • •••• • •ti• ••fifi•tifi• • •••• •tititifitifi• •titititifiti • •ti•titifiti•fi ••titifififititi •titifififi•ti • •titi•ti•fiti••ti•titifi ••tififi •titififitititi •fi•fititi•tititifiti Call today to find out how Esoteric could help you to keep your busines... your business! •tititi •tifititi •ti fififi titi• •ti• •titi•fitititi titititifi •fiti• tititi •ti fififi• titititi •tititififititi fifififi titititi •tititififititifi •tititi •tifititi •ti fififi titi• •ti• •titi•fitititi titititifi •fiti• tititi •ti fififi• titititi •tititififititi fifififi titititi •tititififititifi +44 (0) 1483 740423 mail@esotericltd.com www.esotericltd.com •tititi •tifititi •ti fififi titi• •ti• •titi•fitititi titititifi •fiti• tititi •ti fififi• titititi •tititififititi fifififi titititi •tititififititifi Tti +44 (0) 1483 740423 Eti titititi@tititifitititititifitititititi Wti wwwtitititifitititititifitititititi Tti +44 (0) 1483 740423 Eti titititi@tititifitititititifitititititi Wti wwwtitititifitititititifitititititi Tti +44 (0) 1483 740423 Eti titititi@tititifitititititifitititititi Wti wwwtitititifitititititifitititititi Click/tap for more info 221614-2-17LBM Esoteric.indd 1 20/01/2017 12:58


London Business Matters
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