Germany: 223 billion euros in damage from cyber attacks
According to a Bitkom study, cyber attacks cause 223 billion euros in damage to the German economy every year. Ransomware and blackmail software accounts for around 20 percent of these. Three ways out of the ransom trap. The hackers encrypt data, fail systems and, increasingly, steal data from their victims' networks. In an open letter, a group of IT security and information technology experts called on federal politicians to take action and demanded specific legal measures to counteract ransom payments, among other things. Paying ransom is the wrong way The need for action is undisputed and ransom…
