Telegram fined $ 18.5 million and repay 1.2 billion NOW

The company behind the popular chat app Telegram will be fined $ 18.5 million (€ 16.5 million) for a failed attempt to release its own crypto, US stock watchdog SEC announced. The company also has to repay $ 1.2 billion in raised investments.

Telegram planned to release its own blockchain-based platform. Virtual coins, so-called grams, could then be traded on them. The company set out to fund the Telegram Open Network (TON) with sales of approximately 2.9 billion grams for a total of $ 1.7 billion.

However, the company got it on the ball with the SEC because the sale was not reported to the watchdog. According to the US stock exchange authority, the sale of the virtual coins was therefore illegal. The SEC went to court domestically and was corrected in a preliminary judgment, forcing Telegram to halt development of the TON.

In a statement, the SEC reports having suitability with Telegram. The company therefore does not have to confirm or deny the allegations from the indictment, but must pay back more than 1.2 billion in raised investments and tap a fine.

Telegram founder Pavel Durov denounced in May the decisive say he believed the U.S. justice system could exercise over the international project. According to him, it caused Telegram to be forced to stop the TON project.


SEC warns of insider trading after Loeffler’s sales

U.S. Senator Kelly Loeffler (L), R-GA, and husband Jeffrey Sprecher, CEO of the Intercontinental Exchange and President of the New York Stock Exchange, on January 6, 2019.

Mandel Ngan | AFP | Getty Images

On Monday, the Securities and Exchange Commission issued a strong warning against the negotiation of non-public information related to coronavirus – a warning that came days after news of recent stock sales by the CEO of the New York Stock Exchange owner and the Senator wife aroused widespread criticism and calls for investigations.

The SEC co-directors’ statement on the application of “market integrity” did not refer to such transactions by NYSE President Jeff Sprecher and Senator Kelly Loeffler, R-Ga.

These operations, which resulted in sales of up to $ 3 million worth of stocks, came in the weeks before stock market indices dropped sharply due to the coronavirus pandemic and in the wake of a private briefing to all senators on the outbreak. of the virus from Trump administration officials in which Loeffler participated on January 24.

In addition to Loeffler’s move, sales of shares by three other senators, Richard Burr (R-NC), James Inhoffe (R-OK) and Diane Feinstein (D-CA), were recently disclosed, because they occurred after the coronavirus briefing.

Loeffler said last Friday that the negotiations were carried out by third-party financial advisors, without input or knowledge from him or from Sprecher, who is CEO of the Big Board holding company, Intercontinental Exchange.

Loeffler is by far the wealthiest member of Congress, with a net worth of around $ 500 million.

SEC directors in their statement noted that “2019 coronavirus disease (COVID-19) has impacted securities markets in unprecedented ways.”

“In these dynamic circumstances, corporate workers regularly learn new material non-public information that could be even more valuable than normal circumstances,” said directors, Stephanie Avakian and Steven Pelkin.

“This may be the case in particular if the profit reports or requests for information requested by the SEC are delayed due to COVID-19,” said the administrators.

The statement said that “given these unique circumstances, more people could have access to material, non-public information than in less difficult times.”

“Those with this access – including, for example, directors, officers, employees and consultants and other outside professionals – should be aware of their obligations to keep this information confidential and to comply with illegal securities trading bans,” they wrote. administrators.

“Trading a company’s securities based on inside information can violate the anti-fraud provisions of federal securities laws.”

The SEC declined to comment when asked if the new statement was spurred on last week’s news about Sprecher and Loeffler’s recent negotiations and if the SEC is investigating these transactions.

Neither Sprecher nor Loeffler have been accused of wrongdoing by the SEC or any other regulatory or law enforcement authority.

Financial disclosure forms recently submitted by Loeffler reveal that the couple’s owned accounts had nearly 30 stock transactions since January 24, the day she and other senators were informed about the coronavirus by Trump administration officials. Sales started on the day of the briefing.

Over the next three weeks, Loeffler and Sprecher sold shares worth $ 1.25 to $ 3.1 million, according to disclosure data.

But on February 14, accounts owned by Loeffler and Sprecher purchased shares in Citrix, which provides teleworking software and in Oracle, the technology company.

Many Americans have worked remotely from home as companies have closed or reduced staff in their physical offices due to the COVID-19 crisis.

The Intercontinental Exchange, which owns other exchanges and clearing houses besides the NYSE, said in a note last week that all transactions involving the couple were “in accordance” with corporate policies.

“Mr. Sprecher and Senator Loeffler made it clear that these transactions were executed by their financial advisors without the input or direction of Mr. Sprecher or Senator Loeffler,” said the company.

“These transactions comply with the policies and procedures of Intercontinental Exchange, Inc.”

Loeffler, in an interview with CNBC’s “The Exchange” last Friday, said: “I am very confident that I have followed the letter and spirit of the law.”

“I had no involvement in the decisions” to exchange the shares, said the freshman legislator. “I have no discretion on … our wallet.”

In a tweet, he called an article exposing his trading “a ridiculous and baseless attack.”

Good government groups have filed complaints to various entities asking for investigations into Loeffler’s trade, as well as the sales of Burr, Feinstein and Inhofe shares.

The Common Cause group said Friday that it had filed complaints with the SEC, the Justice Department and the Senate Ethics Committee “asking for immediate investigations” into Loeffler, Burr, Feinstein and Inhofe “for possible violations of the STOCK law and insider laws. trading. “

The STOCK Act prohibits members of Congress from using inside information from their official positions for private gain.

Another group, Citizens for Responsibility and Ethics in Washington, has filed a complaint with the Senate Ethics Committee asking for investigations into Loeffler and Burr for possible violations of the STOCK Act.

Inhofe said that the sales in his accounts are part of the ongoing sales he ordered for all his stocks when he became chairman of the Senate Armed Services Committee in September 2018.

Feinstein claimed that the sales of shares reported on her disclosure were made by her husband.

“I have no input in his decisions,” said Feinstein in a note, which notes that according to the rules of the Senate, he reports the spouse’s financial transactions.

“My husband sold shares of a cancer therapy company in January and February. This company is not linked to any work on the coronavirus and the sale is unrelated to the situation.”

Rep. Alexandria Ocasio-Cortez, D-N.Y., Invited Burr and Loeffler to resign, tweeting: “It is heartbreaking that the first thoughts that these senators had to face #COVID the briefing was on how to profit from this crisis “.

“They did not mobilize to help families or to prepare the response. They downloaded material,” wrote Ocasio-Cortez.

In a statement on Friday, Burr said his decision to dump his stocks is based “exclusively on public news,” including that of CNBC’s Asian offices on the spread of coronavirus.

“Understanding the assumption that many could do in hindsight, I spoke to the president of the Senate ethics committee this morning and asked him to open a full review of the issue in full transparency,” said Burr.

On February 13, a week before U.S. equities started to slide, Burr sold more than $ 500,000 in one day.

Sales totaled 33 single transactions and if they totaled the high end of the range reported by Burr, around $ 1.7 million, it would equate to almost all of its net worth.


Mass. Child Care Centers Closing Monday for all workers, except those critical of Coronavirus – NBC Boston

Massachusetts child care centers will close on Monday amid the coronavirus epidemic, but some exempt centers will open to take care of the children of critical workers, Governor Charlie Baker said Wednesday during a briefing.

Over 2,000 Massachusetts residents have been quarantined because of the coronavirus, according to the latest numbers released on Wednesday by state health officials.

The new figures show that 2,054 residents have been quarantined, with 1,168 still in quarantine and 886 that are no longer in quarantine. This is almost double the 1,083 total of a week ago.

As the number of COVID-19 cases in Massachusetts rises steadily, Boston Mayor Marty Walsh – who reported 45 cases in Boston on Wednesday afternoon – exposed his thought process about what would be needed to issue a shelter order. on site.

Baker said Tuesday that he had no intention of ordering residents to take refuge on the spot. However, more than a dozen state and local Democrats are urging the Republican to reconsider in an open letter.

Governor Charlie Baker says Massachusetts has no plans for its residents to take refuge on the spot, but said “difficult days are coming.”

In the letter, released Tuesday afternoon, the 17 Democrats asked Baker to seek shelter by Tuesday after other cities such as San Francisco.

“Doctors tell us that COVID-19 is about 10 times more contagious than the flu and that 1 in 5 infected people will contract severe pneumonia that will require hospitalization,” they said.

“Suppressing the spread of the virus is essential to protect the ability of healthcare professionals to manage the influx of new patients and to safeguard public health and safety. Epidemiologists have suggested that Massachusetts could see up to 10,000 cases by the end of this month.”

As of Tuesday, the total number of coronavirus cases in Massachusetts has risen to 218, according to public health officials.

The Motor Vehicle Registry was reopened on Wednesday, which attracted large crowds of people lined up, despite Governor Baker and Mayor Walsh’s call for social expulsion in Massachusetts.

Baker said Tuesday that while there were “difficult days ahead”, there were no plans to implement an ongoing refuge.

“We will probably have some very difficult days ahead of us, as we are still at the start of the battle against this virus,” said Baker. “Faith and trust. We will succeed by putting together, taking care of each other.”

Baker plans to provide an update on the coronavirus pandemic at 15:00. at the State House with Lieutenant Governor Karyn Polito, sect. of health and human services Marylou Sudders and DPH Commissioner Dr. Monica Bharel.

In a Tuesday night television speech, Walsh called on the audience to distance social to flatten the coronavirus curve.

“We simply need everyone’s help, and that’s how we will get past this,” said Walsh. “This is not the time for home parties, dating or visiting friends. We need everyone to limit their contacts right now.”


Dax current: US exchanges pull the Dax back up – first exchanges prohibit bets on falling prices

The German stock market barometer finds no hold on its own. Wall Street is the first to ensure rising prices. and the start is clearly down again. Investors should consider an important brand. .

Expert initiates discussion about stock market closings

Frankfurt Stock Exchange

Exchange closings are currently not an issue for Deutsche Börse.

(Photo: dpa)

Frankfurt, New York, Tokyo The US leading index Dow Jones closed just under 13 percent on Monday. In percentage terms, this is the biggest daily loss since 1987 and, according to index points, the biggest loss ever. The unexpected cut in the key interest rate by the US Federal Reserve (Fed) was intended to instill new confidence in the stock markets, but caused uncertainty among investors.

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Dax slips back into the red

Dax curve

View of the Dax curve in the Frankfurt trading hall.

(Photo: dpa)

Dusseldorf After a dramatic trading day on Monday, the situation on the Frankfurt stock exchange initially eased somewhat: in the first hour of trading, the Dax peaked by 400 points to 9,142 points. Meanwhile, the index is again down 2.7 percent at 8501 points. Trading is very volatile, with the daily high and low already at 622 points. The Dax apparently is looking for a direction.

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Dax surrenders most of the opening winnings

Dusseldorf After a dramatic trading day on Monday, the situation on the Frankfurt stock exchange eased again: In the first trading hour, the Dax increased by 400 points to 9,142 points. In the meantime, the index is now only 1.9 percent up at 8907 points. But all 30 DAX values ​​are in the plus.

Yesterday, the index ended the day down 5.3 percent, closing 8,742 points. The daily low was shortly after the opening of the US stock exchanges at 8,255 points, a decrease of more than ten percent. It was the lowest price since mid-2013.

Found four weeks after his record high of 13,795 points the Dax because of the coronavirus pandemic more than 40 percent lower and close to a five and a half year low again. Never before in its history has the German leading index gone so drastically downhill. With a minus of almost 34 percent since the beginning of the year, it is also heading for its blackest quarter.

After a drop of 13 percent in the Dow-Jones Index on yesterday’s trading day, the possibility of closing the US stock exchanges for a certain period of time is being discussed in the USA, similar to the terrorist attacks of September 11th. At that time, the stock markets closed on the day of the attacks (Tuesday) and reopened the following Monday. However, the US stock exchange operators and the SEC have not yet wanted to know about this.

However, the Philippine stock exchange has now closed. Even indefinitely, foreign exchange and bond trading is also suspended.

The fact that the US markets have slipped so deeply is a heavy mortgage for the Dax. Normally, especially after violent sales like in the past few days, surprising recovery phases come from New York, which then continue like waves on the other world stock exchanges. But the opposite is the case.

Comparison with the financial crisis

Already on yesterday’s trading day, the panic was greater than during the financial crisis. Because the volatility index VDax, the nerve barometer of the stock exchange, shot up to a new record high of 93.30 points. The higher this value, the higher the price fluctuations expected by investment professionals in the coming weeks.

But has the leading German index fallen as much as during the financial crisis? A comparison is advisable because, in both 2008 and 2020, share prices had risen faster for years than companies were able to increase their profits.
Since the Dax is a performance index that includes dividends, the chart of the Dax price index offers better help without dividends.

The comparison: the price index reached its high of 5282 at the end of 2007, after which it fell by more than 55 percent to 2258 points. Transferred to the current situation, this stock market barometer has further downside potential without dividends. Since yesterday’s Monday, the minus has now been around 40 percent.

The price index has so far dropped from 6136 points to 3669 points. In contrast to the financial crisis, what has been completely missing so far are intermediate recovery phases.

Look at other asset classes

Concerns about the future debt sustainability of the individual euro countries are coming to the fore in the bond market. Because the budget deficits of the individual countries are likely to increase significantly due to the corona crisis. Portugal, for example, expects additional charges of 300 million euros. Accordingly, the yield on ten-year government bonds from Portugal has risen from 0.4 percent to 1.365 percent since Thursday.

The yield on ten-year Italian government bonds today rises to 2.207 percent. Last Thursday, this figure was 1.12 percent. For comparison: the yield on ten-year German government bonds is minus 0.45 percent, and thus at the level of the ECB deposit rate of minus 0.5 percent.

The price decline in gold continues. The price of the yellow precious metal slips another 1.8 percent to $ 1,486 per troy ounce. Last week, gold posted the biggest weekly loss since 2011 with a minus of 8.6 percent. Are these just sales of speculative financial investors to meet margin calls in other markets (“margin calls”)?

Loud Commerzbank there was a similar pattern of behavior in gold during the 2008 financial crisis. Back then, gold recovered relatively quickly after the sharp decline and subsequently rose to a record high of $ 1921. If the scenario repeats itself, gold offers an attractive entry opportunity.

Look at the individual values

Volkswagen: The automotive group is softening its recently set business goals due to the rapid spread of the coronavirus pandemic. It is uncertain what the severity and duration of the virus crisis will be Volkswagen Group will meet, the carmaker announced on Tuesday when the final business figures for 2019 were presented. A reliable forecast is currently almost impossible. After a drop of 12.2 percent on yesterday’s trading day, the share rose rapidly by more than six percent at the opening, but is currently only 1.6 percent up. The Volkswagen Group stops production in most plants in Germany and Europe because of the corona virus crisis.

Wacker Chemie: The company is cautiously starting the new year because of the corona virus crisis, but the paper is still growing by 0.5 percent. The consequences of the pandemic could affect the 2020 consolidated profit Wacker chemistry with more than 100 million euros. The annual forecast, which already takes into account part of the economic uncertainties and a likely lower result from the Siltronic investment, is therefore subject to change.

Gea: The plant manufacturer producing for the food and beverage industry achieved top marks in sales and order intake last year. The shareholders are to receive a stable dividend of EUR 0.85 per share. Due to the corona crisis, the Management Board expects a slight decline in sales in 2020. The share falls 4.4 percent.

Roche: The Swiss pharmaceutical company Roche has started shipping Covid 19 tests in the United States. The delivery of the first 400,000 test kits had already started last Friday. The stock lost only ten percent of its value in the past ten trading days and is now up 4.2 percent.

What the chart technique says

8255 points. That is currently the magic number for technical analysts. The leading German index fell to such a low level on Monday yesterday. If this brand holds on today’s trading day, there is a chance that trading will be quieter in the coming days. If the price falls below this level, investors should quickly experience quotations below 8000 points.

The brand is one of the few orientation brands because otherwise chart technology and fundamental reasons are currently irrelevant for investors. Investors are currently primarily concerned with the question: “How deep is deep enough?” From a technical point of view, we have had a bear market for a long time, as the major indices are now more than 20 percent below their all-time highs.

Here is the page with the DAX course, here is the current tops & flops in the Dax. Current Short sales of investors can be found in our Short sales database.


Three things that move Wall Street today

New York, Frankfurt, Washington Donald Trump’s appearance on Monday evening in German time should convey one thing above all: determination. In addition to his Vice Mike Pence, the US President has gathered five health experts and officials behind his lectern in the White House, “all thoroughly tested”, as Trump notes. It is just stupid that Vice President Pence of all times admits on request that he has not yet been tested for the corona virus: “My doctor has so far seen no reason for this.”

The inconsistency symbolizes mood on the US financial markets: investors want nothing more than clear messages from the White House. They finally want to be able to estimate how drastic the government’s measures against the corona crisis will be and what aid the US economy can count on.

Every communicative confusion is seen by investors as evidence that worse is yet to come. This applies in particular to the question of whether the immediate environment of the President has really been tested for Corona. And largely for the possibility that the US is facing a recession, as Trump virtually admitted on Monday: “Although I prefer to see it as an upswing that will start as soon as we have defeated the virus”.

The way to work alone made the corona crisis omnipresent for traders on Monday. At the entrance of the New York Stock Exchange It was swarming with medical staff in white coats and a face mask, which at the security check also measured the temperature of the dealers with fever pistols.

The leading Dow Jones index closed almost 13 percent in the red. In percentage terms, this is the biggest daily loss since 1987 and, according to index points, the biggest loss ever. Trump’s appearance accelerated the course of the Kurstal shortly before the close of trading.

To a certain extent, the slump in prices is normal. After all, it is already clear that the majority of American and global companies will have to drastically lower their sales and profit forecasts for the current year. But in the United States, politics is currently acting as a fire accelerator. In addition to the unclear and uncoordinated political crisis communication, there are three other factors that have intensified yesterday’s crash on the US stock exchanges:

  • The unexpected cut in the key interest rate by the US Federal Reserve (Fed) should instill new confidence in the stock markets – but was seen rather as evidence that the situation must be worse than previously thought.
  • A tax-financed Corona social package is still stuck in the Senate – and already seems too small in view of the wave of layoffs that are rolling towards American workers.
  • A mental game also contributes to the end-time mood on Wall Street: that the US stock exchanges could be closed for several days so that politics gains time for a decisive economic response to the crisis.

1. Politicians are not responding quickly enough

For his corona crisis management, Trump gave himself the top grade of ten on a scale of one to ten on Monday. At the same time, he admitted for the first time: “The virus is not under control”. His crisis management team issued behavioral recommendations to US citizens: They should not visit any bars or restaurants for the next 15 days, avoid meeting more than ten people and avoid unnecessary trips. After this test period you want to see further.

If the voluntary rules do not work, Trump also considers a mandatory nationwide curfew possible. He expects that the behavioral restrictions “will extend into July or August”. Individual states or cities in the USA are already much more radical and have ordered the forced closure of restaurants, gyms and schools.

What is missing are just as radical steps to alleviate the economic consequences for companies and above all for the citizens. Only the American airlines promised “100 percent support” on Monday – their shares then rose significantly against the overall market.

A legislative package that is supposed to alleviate the worst economic consequences of the corona crisis is still stuck in deliberations in the Senate. Some Republican senators are getting in the way, negotiations are ongoing. The package primarily contains financial aid for employees who are unable to go to work due to the corona crisis. It is already clear that this law will in no way suffice.

The work on another aid package for families and companies in need started in the Senate on Monday. But both laws come too late to send the desired signal to the financial markets: that the Federal Reserve, government and parliament in the US work hand in hand to avoid a complete crash of the US economy.

2. Will the Fed buy short-term corporate bonds soon?

The US Federal Reserve has been taking extraordinary measures for weeks to ensure the stability of the financial markets. On Sunday, it unexpectedly cut its key rate by a full percentage point to the zero to 0.25 percent range and announced a number of other moves, including $ 700 billion in bond purchases.

The effect fizzled out. The New York stock markets had to be suspended again shortly after the start because of the automatic volatility breakers: trading has been suspended for 15 minutes for the third time in the past six trading days because the broad share index S&P 500 has dropped by more than seven Percent had fallen.

On Monday noon, the Fed had to grant loans on the money market again to avoid bottlenecks. For example, there have been liquidity shortages in the market for so-called commercial paper, short-term corporate bonds. They use companies to quickly get liquidity. They issue bonds with a short term and thus fill their cash reserves. But with the intensification of the corona crisis, banks are increasingly failing to buy these commercial papers.

“The market for commercial paper is practically frozen,” warn analysts at Bank of America. “Everyone wants to secure cash and banks are having trouble coping with this one-sided demand.” For days, speculation has begun as to whether the Fed could step in as a buyer of the short-term bonds.

Industry insiders believe that the Fed could intervene on Tuesday or Wednesday, just as it did in the financial crisis. If this does not happen, companies with cash requirements would have to rely even more on bank loans. And this at a time when banks are no longer so risk-taking and many corporations have already exhausted their credit lines to prepare for the consequences of the virus.

3. Rumors of stock exchange closure

Since the weekend, there has also been discussion of the possibility of closing the US stock exchanges for a certain time, similar to the terrorist attacks of September 11. At that time, the stock markets closed on the day of the attacks (Tuesday) and reopened the following Monday. The debate was sparked by Peter Atwater, a professor at the Wiliam & Mary University in Delaware, who conducts research on the topic of confidence in the financial markets.

“After what we’ve seen in China, Italy, and Spain, some kind of national shutdown seems inevitable,” wrote Atwater in a post he posted on the LinkedIn social network. “It is very difficult to maintain panic for a long time,” Atwater told the Handelsblatt. “People are exhausted. There is almost a desire for a kind of surrender to end this extreme situation. ”If the real economy actually comes to a standstill, not much would be lost if the financial markets also close, he argues.

The US stock exchange operators and the SEC regulators do not want to know about this. Stacey Cunningham, the head of the New York Stock Exchange, addressed via Monday Twitter to the investors. “It is important that the markets stay open and do what they do,” said Cunningham. She was aware of the concerns about the sharp drop in prices, but “the market reflects the uncertainties that everyone is experiencing in these difficult days.”

The chief financial officer SEC Clay Jayton said similarly on Monday. Terry Duffy, head of the CME options and futures exchange in Chicago, brought a compromise solution into play on the CNBC, a US exchange, according to which the markets would close for the rest of the day if they collapse more than 13 percent as a “measure against high price fluctuations “.

Deutsche Börse is not considering closing the markets

In Germany, closing the markets is not an issue like that German Stock Exchange stressed. The Stock Exchange Act lists a number of reasons why trading on the stock exchanges or in individual securities may be suspended. Currently, however, “none of these conditions exist,” the company said.

Germany’s largest exchange operator does not believe in this. “It would be a fallacy to believe that markets will calm down when trading is suspended,” the company said. “The opposite would be the case. There could be a sell-out before the markets close, and a potentiated reaction of the market participants after reopening. ”

According to Atwater, however, this extraordinary measure could at best even stop the downward spiral. A possible scenario for the professor, who also heads the financial insights analysis company, could look like this: After a particularly difficult day on the stock exchange, the largest volatility interrupter is already starting to appear. It ends trading for the rest of the day when prices drop more than 20 percent.

“After that, the government could decide to close the markets for a few days and use the time to implement comprehensive fiscal measures,” he said. If the markets reopen afterwards, the chances of stabilization would be good.

Such a trade stop is still just a mind game. However, the mere fact that it is discussed causes additional uncertainty on the stock exchanges.

In order for Atwater’s plan to work, US politics would have to come up with a convincing rescue and economic stimulus package within a few days of the closing of the stock exchange. The man whose political management skills you would have to rely on is Donald Trump. And he commented on Monday’s turbulence in the financial markets with a single sentence: “The markets take care of themselves.”

More: Read here why the central banks cannot now help the stock exchanges.


Home office opens new gateways for hackers

Dusseldorf It is the horror notion for every company: hackers gain access to the company network, steal confidential information or paralyze the entire company with blackmail intentions. To prevent this, companies protect their internal networks from unauthorized access with encrypted connections, anti-virus programs and firewalls.

But now that more and more companies are rapidly sending their employees to their home office in view of the rapid spread of the corona virus, experts believe that IT security threatens to fall by the wayside: “Many companies are now more likely to forego the necessary cybersecurity measures than to put your business model at risk, ”believes Martin Eiszner, chief technology officer of the IT security specialist SEC Consult.

Specifically, this means: “In this emergency situation, employees in the home office could have the opportunity to connect to the company network more easily than would otherwise have been the case,” believes Uwe Gries, Country Manager for German-speaking countries at airbusDaughter Stormshield.

Many companies use a so-called virtual private network connection (VPN) to grant authorized computers access to the company network from outside. This is an encrypted connection that employees use to access the company network, often referred to as a tunnel. This is necessary in order to be able to use internal applications, for example.

“However, it could now be that companies do not have enough licensed VPN access for all employees,” says Gries. In addition, not every employee who now has to work in the home office also has a company-owned notebook.


The result: Due to the time pressure, companies should be forced to take measures that IT security experts advise against: “In case of doubt, the systems will be activated for all employees even without VPN access, since nobody else could work. There will be a certain panic reaction and the security levels will likely be lowered, ”believes Eiszner.

Employees who do not have a service notebook could be allowed to use private devices in the home office in order not to endanger the operational processes. And this is precisely a potential gateway for hackers: A private PC that is not sufficiently secured and infected by malware could connect to the company network and thus grant cybercriminals access to sensitive information or files.

“This is how the malware can jump over the barrier,” warns Gries. In this case, even a VPN tunnel offers no protection: “A virus on your home PC can easily get into the company network through the VPN tunnel,” says Gries.

Separate private and professional device use

He generally advises against the use of private devices in the home office. His tip, if there is no other way: “If you are forced to use private equipment in an emergency, it is important that the employee ensures that all the programs used are up to date and that the latest virus protection is used. “

And: “While connecting to the company network, you should stop all private activities in the background. The classic is that you are connected to the company network via VPN and check your private emails in the background using the browser, ”says Gries.

In this case, it is conceivable that the employee opens an infected e-mail attachment and then captures malware, which in turn gets into the company network. “Virus-infested corona cards are already circulating. Corona and Covid 19 related phishing attacks should work very well at the moment, ”added Eiszner.

IT administrators can configure company notebooks so that executable files that could contain malware cannot be opened by the user. “Encryption of the hard disk can also be prohibited via a group policy on Windows PCs. This offers protection against malware such as WannaCry, ”explains Gries. The administrator does not have this option on a private PC because he does not have access to it.

In general, both Eiszner and Gries do not recommend solutions that do without VPN and also do not support multi-factor authentication, i.e. that require additional security and an additional code in addition to the user name and password. “The classic webmail solution or other web services that are accessible via the Internet and only require a username-password combination are generally considered to be insecure,” says Eiszner.

Eiszner considers so-called zero-trust models to be recommended. These are security concepts based on the principle of not trusting any device, user or service inside or outside of your own network. This involves extensive measures to authenticate all users and services and to check network traffic.

Cloud service instead of VPN access

Stormshield manager Gries also recommends virtual corporate platforms in the cloud, as they have the advantage that they can be accessed from anywhere with a private device. “Our expense tool is in the cloud. That has huge advantages, ”says Gries.

A kind of security had been gained here through a kind of outsourcing of business processes to the cloud. “If the expense tool had been compromised, it would of course be bad, but not so bad that the company would be endangered,” explains Gries.

The California security platform Zscaler offers a combination of a zero trust concept and a cloud solution. The company, which claims to secure the global data traffic of more than 75,000 DB Schenker employees in more than 80 countries, currently has a lot to do: “A few weeks ago, one of our major customers called us and asked us, all of his employees enable access to internal applications in China from home, ”reports Zscaler CEO Jay Chaudhry.

In the days and weeks that followed, companies from Germany, Great Britain and the United States would have made the same request. Since then, traffic to the Zscaler cloud security platform in China has increased twelvefold, and data traffic worldwide has tripled.

Zscaler replaces the VPN model with a pure software solution that is managed via the cloud. The approach is as follows: Instead of opening the entire company network to users, the Zscaler service only connects them to the applications to which they are allowed to access. This works completely without VPN or firewalls.

And so it comes as no surprise that Chaudhry is already announcing the approaching end of local networks, WiFi and firewalls: “As soon as 5G has established itself on a broad front, the Internet connection via smartphone or PC will be much faster than via the classic network.” the Internet has become a corporate network, the public cloud has become a data center. “We don’t care where our customers access from – whether from the company’s headquarters, a branch or a café,” says Chaudhry.

More: Conferences without fear of corona – how home offices can succeed


The exchange of Cboe options temporarily switches to fully electronic trading – SEC allows immediate effectiveness of the modification of the proposed rule to facilitate continuous operations in light of the temporary suspension of Cboe’s physical trading plan

The exchange of Cboe options temporarily switches to fully electronic trading – SEC allows immediate effectiveness of the modification of the proposed rule to facilitate continuous operations in light of the temporary suspension of Cboe’s physical trading plan

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