Crypto_AG (founded in 1952) was part of secret US/West German government project.
Are you claiming that Andreas Wiebe, Hulbee AG, Swisscows AG are also working for the US government?
Crypto_AG (founded in 1952) was part of secret US/West German government project.
Are you claiming that Andreas Wiebe, Hulbee AG, Swisscows AG are also working for the US government?
Nobody is absolutely neutral or always trustworthy. It's argumentation error to move from is not completely neutral and has had some issues to saying "it's all bullshit".
Banking en Suisse adheres to Swiss laws, which are heavily influenced by EU and US laws these days. If some private company decides to break the law, they will be handled accordingly.
Are they not using the “Swiss” brand as a pretext to convey safety and imply security?
OP is pointing out a clear and recent example that the “Hey this is Swiss” therefore must be “safe, secure, reliable” is no longer the truth.
https://www.swissinfo.ch/eng/business/no-official-outcry-in-...
Given this precedent, there's good reason to believe it would happen again. There is not reason to believe that the people behind Teleguard today would be in favor, but there is good reason not to become wedded to the service given the risk that it may change hands or be operated similarly to Crypto AG down the road.
It's important to understand that the was violation of Swiss neutrality law, and it was not started by Swiss government or government agency.
I'm not seeing how
1. Swiss intelligence is somehow distinct from the Swiss government.
2. this mitigates the risk I described.