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Tag: Budget

Industry neglects OT and IoT security
March 27, 2025
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| Stories
Industry neglects OT and IoT security

The "OT+IoT Cybersecurity Report 2024" reveals the serious security flaws that still exist in industry. The software of networked devices, machines, and systems is particularly affected. The majority of companies have no idea how to respond appropriately to a cyberattack. The Federal Office for Information Security (BSI) has determined that an average of more than 2.000 new software vulnerabilities are discovered each month, of which approximately 15 percent are classified as "critical." "Given this constant threat, German industry should further strengthen its cyber resilience in 2025," advises Jan…

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Cyber ​​attacks cost an average of $1 million
11 December 2024
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| Short news
B2B Cyber ​​Security ShortNews

Cyber ​​attacks cost companies in Germany almost as much as their annual investment in cyber security. Overall, the average IT budget is 5,9 million US dollars, of which 1,07 million goes to cyber security. Medium-sized and large companies in Germany are responding to the increasing complexity of cyber threats and increasing their investments in cyber security. According to the latest IT Security Economics Report from Kaspersky, budgets for IT security are set to increase by up to 9 percent over the next two years. Overall, the average IT budget is 5,9 million US dollars, of which 1,07 million goes to cyber security....

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Expansion of cyber protection is partly stalling in companies
September 25, 2024
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| Sophos, Stories
Expansion of cyber protection is partly stalling in companies Image: Bing - AI

According to management, the main reasons for expanding cybersecurity in companies in Germany, Austria and Switzerland are the increasing awareness of economic consequences. On average, 10 percent of companies in the DACH region also stated that they had not made any investments in cybersecurity in recent years. According to current figures from the Sophos Management Study, the threat of economic damage from cyberattacks is the main reason for investing in cyber protection. Managers in Germany and Austria cite awareness of the economic consequences of cyberattacks as the main reason for investing, with 23,4 percent (D) and 24 percent (AUT) respectively.

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NIS2 will soon come into force – 5 tips to prepare
September 9, 2024
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NIS2 will soon come into force - 5 tips to prepare

The EU Directive NIS2 is due to come into force in Germany in October. It obliges many companies to take higher cyber security precautions. It therefore makes sense to prepare for it now. The new version of the EU Directive NIS not only increases the minimum requirements for cyber security, it also affects significantly more companies than before. What measures should companies take now? Dirk Wocke, IT Compliance Manager and Data Protection Officer at indevis, names the five most important points. In October the time has come: the new EU Directive will then be incorporated into national law and will oblige a significantly higher number of...

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Plus 8 percent: More money for IT security in companies
March 17, 2023
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Plus 8 percent: More money for IT security in companies

Small, medium-sized and large companies in Germany have decided to allocate a larger part of their IT budgets to cyber security over the next three years, as Kaspersky's current IT Security Economics Report shows. With increased investments of up to eight percent, companies want to take account of the increasingly complex IT infrastructure, improve the expertise of security specialists and prepare for geopolitical and economic uncertainties. More spending on IT security While the increasing use of digital technologies and the ever-changing threat landscape has increased interest in cybersecurity and led to improvements in the…

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Cyber ​​insurance: 80 percent of customers with claims 
21 December 2022
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| PR News
Cyber ​​insurance: 80 percent of customers with claims

Cyber ​​insurance is in demand, but most of them hardly want to cover the risks anymore: almost 80 percent of the companies that have taken out cyber insurance have already made claims with their insurer, more than half of them more than once. This is the result of a survey* by Delinea, the specialist in privileged access management (PAM) solutions for seamless security. As a result, insurance companies are increasingly withdrawing from covering critical risks. For example, damage caused by ransomware or costs for data recovery are no longer covered by the policy of around 50 percent of the companies surveyed. In doing so, the…

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More protection for SMBs against ransomware
14 December 2022
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| PR News
More protection for SMBs against ransomware

In 2022 alone, a total of 61 percent of all cyber attacks were aimed at small and medium-sized enterprises - SMEs. Ransomware was particularly successful. Therefore, the protection must be improved and also fit into the budget. Ransomware – a threat we are all increasingly aware of and would prefer to stay away from. It affects every sector and the attacks are becoming more frequent and more sophisticated. Yet few small and medium-sized enterprises (SMEs) are aware that they are just as, if not more, at risk than larger companies….

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SMEs are slowed down by insufficient IT security
9 November 2022
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SMEs are slowed down by insufficient IT security

Despite increased budgets, small and medium-sized enterprises (SMEs) are not prepared for the risks associated with growth, according to a survey by Check Point. This is shown by a recent study on the topic of "IT security of small and medium-sized enterprises". Check Point Software Technologies Ltd., a global leader in cyber security solutions, has published the results of a new survey by market research company Analysys Mason on the IT security of small and medium-sized enterprises (SMEs). The aim of the study was to find out how SMEs have survived the pandemic and how their business and technology requirements are changing. The survey found that...

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Paradoxical assessment: Sufficient budget despite high cyber risk 
5 October 2022
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| Kaspersky, Stories
Paradoxical assessment: Sufficient budget despite high cyber risk

Two-thirds (67 percent) of IT decision-makers in Germany say that their IT security budget is sufficient for the next two years, although they rate the cyber risk as high. More than half (53 percent) rely on external service providers to protect themselves because the necessary know-how is not available internally. Smaller companies in particular are looking for external support. The financial industry is particularly confronted with cyber threats for various reasons. On the one hand, the degree of digitization in the financial sector has increased significantly - especially in the wake of the pandemic. On the other hand, the financial industry is for cybercriminals…

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Tight budgets slow down IT security strategy
August 22, 2022
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Tight budgets slow down IT decision-makers

Report: Tight budgets and a lack of executive support are causing critical security controls to fall by the wayside. 60 percent of IT decision-makers are being prevented from implementing an adequate IT security strategy More than half of IT security decision-makers (60%) are of the opinion that their IT security strategy is not keeping pace with the current threat situation Survey* by Delinea, the specialist in privileged access management (PAM) solutions for seamless security, shows. For example, 20 percent of the security professionals surveyed think they are lagging behind in their security practices, 13 percent believe they are standing still, and only 27 percent are trying…

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