Swiss bank on safe haven label to become world's data vault...

Geneva (AFP) - Switzerland, facing an erosion of the banking secrecy laws that helped make it the world's banker, is now touting its reputation as a safe and stable haven to become a global data vault.
More and more companies are flocking to the wealthy Alpine country to stock data in an era of increasing espionage and hacking, and the Swiss are reaping the benefits of the paranoia.
"Data storage is the new Eldorado for Switzerland. It's a real boom," said Franz Grueter, the managing director of Green.ch, a leading data storage firm that has posted 30 percent annual growth since it was set up in 1995.

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