Cybersecurity
Huawei Is Planning a $2 Billion Cybersecurity Reboot
- Chinese vendor said to plan global software systems overhaul
- Commitment comes as company risks more bans in Western markets
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Huawei Technologies Co. plans to overhaul its global software systems in response to growing fears in Europe that the Chinese company’s wireless equipment is vulnerable to snooping and hacking, according to people familiar with the matter.
Huawei will offer to spend at least $2 billion to transform the way it engineers software, instead of merely applying one-off changes and workarounds in response to specific demands from companies and governments, said the people, who asked not to be identified because the discussions are private. That work will continue until all security concerns are assuaged, they said.