Cybercrime such as the theft of IT devices and data as well as digital espionage, industrial espionage and sabotage will cost Germany around 2023 billion euros in 206, as Bitkom announced on Friday.
The damage will exceed the 200 billion euro mark for the third year in a row, according to a Bitkom survey of more than 1.000 companies. “The German economy is a highly attractive target for criminals and enemy states. The boundaries between organized crime and state-controlled actors are fluid,” explained Bitkom President Ralf Wintergerst.
Prevention as a challenge for security teams
“The threat of cyberattacks has never been more acute, especially given the increased threat of geopolitically initiated attacks. The problem most organizations face is defense, as prevention has long been a challenge for security teams. Conducting vulnerability assessments, interpreting the results, and determining actions to remediate and reduce risk is traditionally a time-consuming process that puts corporate security in a reactive mode.
According to a Tenable study (conducted by Forrester Consulting*), 50 percent of German cybersecurity and IT professionals say that the security team is too busy fighting critical incidents to take a preventative approach to reducing their organization's exposure. In addition, 72 percent of German cybersecurity and IT professionals believe that their company would be more successful in defending against cyberattacks if they could dedicate more resources to preventative cybersecurity.
Vulnerabilities are discovered every day and attackers are just waiting to exploit them. Instead of waiting to be attacked and then reacting, security teams must take a preventative approach to cyber defense. The need to understand your attack surface and proactively manage risk to the organization has never been more urgent. Defenders must anticipate how attackers will penetrate systems in order to keep them out. It is important to identify the attack paths within the infrastructure at an early stage and take measures to eliminate the vulnerabilities before they can be exploited." (Roger Scheer, Regional Vice President of Central Europe at Tenable)
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