Previously I have written about the Swedish-owned Swiss-based cryptographic hardware company: Crypto AG. It was a CIA-owned Cold War operation for decades. Today it is called Crypto International, still based in Switzerland but owned by a Swedish company.
It’s back in the news:
Late last week, Swedish Foreign Minister Ann Linde said she had canceled a meeting with her Swiss counterpart Ignazio Cassis slated for this month after Switzerland placed an export ban on Crypto International, a Swiss-based and Swedish-owned cybersecurity company.
The ban was imposed while Swiss authorities examine long-running and explosive claims that a previous incarnation of Crypto International, Crypto AG, was little more than a front for U.S. intelligence-gathering during the Cold War.
Linde said the Swiss ban was stopping “goods”—which experts suggest could include cybersecurity upgrades or other IT support needed by Swedish state agencies—from reaching Sweden.
She told public broadcaster SVT that the meeting with Cassis was “not appropriate right now until we have fully understood the Swiss actions.”
EDITED TO ADD (10/13): Lots of information on Crypto AG.