B2B cyber security

Cyber attacks: Inadequate security in German companies

August 15, 2023

Although simple steps can increase security, only 64,5 percent of German companies implement password guidelines, 58,0 percent create backups and 54,0 percent use multi-factor authentication. According to the TÜV association, decision-makers in every ninth financial organization had to complain about a security incident last year; Furthermore, according to Bitkom, damage totaling around 203 billion euros was caused by cyber attacks on German companies. Decision-makers should therefore be clear that a preventive and sustainable cybersecurity strategy is a "must" for sustainable cyber protection. However, the status quo of security measures at some companies in Germany is sobering,...

How AI threatens cybersecurity

August 2, 2023

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| AI, ML, new technology, Stories

In recent months, the buzz around AI technology has grown rapidly, due in large part to the release of ChatGPT. This brings with it new security challenges. The program is made available to the public free of charge and has been the subject of a seemingly endless public debate about its implications since its launch last November. The AI technology turns out to be quite intelligent. It's sort of a contemporary evolution of the concept of a search engine — users can type in and within moments get a…

Up to $1 million in cyber attack support

July 29, 2023

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| PR News

In the event of a major cybersecurity incident, Arctic Wolf offers its customers financial support of up to $1 million. The company is now expanding its Security Operations Warranty to Europe. The Security Operations Warranty is one of the most comprehensive security guarantees for IT security solutions in the industry. It provides Arctic Wolf customers with financial support of up to $1 million in the event of a major cybersecurity incident. According to a recent study published by Arctic Wolf, 40% of companies currently do not have comprehensive cyber insurance. It also shows that the majority of companies that have...

Industry: Cyber attacks are becoming more frequent and expensive

July 21, 2023

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| endpoint security, Sophos, Stories

Sophos presents the results of the latest State of Ransomware Report for the manufacturing industry. There is no relief in sight: Attacks are becoming more frequent and more sophisticated, while ransom demands have risen to an average of $1,2 million and recovery from an attack is taking longer and longer. Cybercrime is one of the biggest business-damaging risks facing organizations across all industries. But there are definitely differences between the various market segments. In a global study, the cyber security company Sophos has determined how the threat posed by cyber gangsters is currently affecting the manufacturing industry. Disturbing stagnation The supposed…

Cyber attacks: automotive industry badly affected

March 17, 2023

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| PR News, TrendMicro

A new study shows that the automotive industry and suppliers are particularly often affected by cyber incidents. Trend Micro has examined the cyber attacks and evaluated the data: it shows 50 significant security incidents between 2021 and 2022. Trend Micro publishes a new study on cyber security in the automotive sector. The analysis of more than 50 significant security incidents between January 2021 and June 2022 shows: All areas along the production and supply chain are affected. Suppliers are particularly at risk. Ransomware attacks and data theft are the most common. In addition, the Japanese IT security specialist identifies high-risk areas of networked cars and...

DACH survey: Cyber attacks are not a top priority

March 6, 2023

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| Sophos, Stories

According to a survey of managers (C-Level): Over 60 percent of DACH managers in the manufacturing sector expect a cyber attack - but it is not a matter for the boss. Image damage plays a subordinate role. As part of a survey of managers (C-level) in Germany, Austria and Switzerland on the subject of cyber security, which was carried out by the market research institute Ipsos on behalf of Sophos, Sophos also examined the manufacturing industry. In this sector, the majority of management expects a cyber attack in the future, so they have recognized the potential dangers: 63 percent of German and 61 percent of…

Policies: Will cyber attacks become uninsurable?

4. February 2023

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| PR News

The increasing number of cyber attacks and the damage they cause have led to an increasing demand for cyber insurance. If cyberattacks soon become "uninsurable," as Zurich Insurance CEO Mario Greco said in an interview with the Financial Times, what can companies do to meet this challenge? More than 400 million US dollars - that's how much damage the data leak at Capital One caused in 2019. And the number of such attacks, which have catastrophic consequences for the companies affected, has continued to increase since then. In the third quarter alone...

3 out of 4 companies have been victims of cyber attacks

30 December 2022

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| Stories

Three quarters of German companies were victims of cyber attacks with data loss at least once in the past year. The Trend Micro Cyber Risk Index shows that a lack of overview leads to an increased cyber risk for companies. Trend Micro, one of the world's leading providers of cyber security solutions, publishes the results of its latest Cyber Risk Index (CRI) for the first half of 2022. In it, 76 percent of all companies surveyed in Germany state that they have experienced security incidents in the last twelve months as a result of which customer data has been lost or stolen. 29 percent more than 7 security incidents At 29…

What traces cyber attacks leave on employees

26 November 2022

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| PR News

A study shows that the psychological consequences of a serious cyber attack, such as ransomware, are serious, long-lasting and run through the entire company. Companies and employees have to learn how to deal with the pressure. Information security specialist Northwave has conducted academic research into the psychological impact of large-scale ransomware attacks on businesses. The results show the deep scars such a crisis leaves on all those affected. At the same time, they make it clear that even after the attack itself has been overcome, it can still be a long time before the IT and security teams return to normal...

Russian threat actors target NATO countries like USA

August 23, 2022

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| Short news

Since early 2022, the Microsoft Threat Intelligence Center (MSTIC) has been monitoring SEABORGIUM phishing campaigns targeting over 30 organizations, primarily NATO countries, particularly the US and UK with occasional attacks on other Baltic, Nordic and Eastern European countries Countries. The Microsoft Threat Intelligence Center (MSTIC) monitored SEABORGIUM campaigns and took action to disrupt them. SEABORGIUM is a Russian-born threat actor whose goals and victimology closely align with the interests of the Russian state. Its campaigns include persistent phishing and credential theft campaigns. The intrusion of…

Tag: cyber attacks

Cyber attacks: Inadequate security in German companies

How AI threatens cybersecurity

Up to $1 million in cyber attack support

Industry: Cyber attacks are becoming more frequent and expensive

Cyber attacks: automotive industry badly affected

DACH survey: Cyber attacks are not a top priority

Policies: Will cyber attacks become uninsurable?

3 out of 4 companies have been victims of cyber attacks

What traces cyber attacks leave on employees

Russian threat actors target NATO countries like USA

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