Brazil’s Petrobras to invest heavily in data security

Joe Leahy – Financial Times, 09/18/2013

Brazil’s state-owned oil company Petrobras said it was investing R$21bn in five years to improve data security amid allegations US spies are targeting the company.

The comments from Petrobras, which follow the postponement on Tuesday by President Dilma Rousseff of a state visit to Washington over the espionage controversy, come amid fears of increasing fallout for business from the row.

“This is a policy that is so important it has been personally approved by the board of directors,” Maria das Graças Foster, Petrobras president, told a public forum in Rio de Janeiro of the investment in security. “The management of our goods, people, information and the wealth we create is of crucial importance.”

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