Cyber attacks cost over 5 million euros annually
Cyber attacks are increasing. Last year, 71 percent of German companies fell victim to ransomware. 59 percent paid ransoms. 53 percent fear more hacker attacks through generative AI technologies. Barracuda Networks has released its Cybernomics 101 Report, which analyzes the financial impact and profit motives behind cyberattacks. The research found that for German companies, the average annual cost of responding to attacks is around 5,7 million euros ($6,2 million). Ransomware attacks on over 70% of German companies The report also raises alarm as hackers explore how to use generative AI technology (GenAI)...