What happened: The Switzerland parliament released a bombshell report, which exposed Swiss-based tech company Crypto AG. This company was actually a front for the CIA and German secret service and have been providing crucial information to them for decades.
What is Crypto AG: Crypto AG is an encryption device maker company which was founded in 1993 to provide tech related devices in the country.
What’s in the report: According to the report: Crypto AG was controlled from 1970 on by the CIA and the West German BND intelligence agency. It sold encryption devices — often employed in diplomatic communications that were used by over 120 countries through the 2000s. This information was then decrypted by German and US agencies.