Sunday, July 23, 2017

Business Espionage: Half of German Firms Hit by Spying Last Two Years

More than half the companies in Germany have been hit by spying, sabotage or data theft in the last two years, the German IT industry association Bitkom said...

Some 53 per cent of companies in Germany have been victims of industrial espionage, sabotage or data theft in the last two years, Bitkom found – up from 51 per cent in a 2015 study...

Arne Schoenbohm, president of Germany’s BSI federal cyber agency, said many big companies and especially those operating critical infrastructure were generally well-prepared for cyber attacks. But many smaller and medium-sized companies did not take the threat seriously enough, he said...

Some 62 per cent of companies affected found those behind the attacks were either current or former employees. Forty-one per cent blamed competitors, customers, suppliers or service providers for the attacks, Bitkom said...

The BSI urged companies in Europe’s largest economy to make information security a top priority... more