On the one hand, companies want to become increasingly connected in order to take advantage of the benefits of a digital business model. On the other hand, such a "connected business" also increases the risks: cyber criminals are constantly developing new methods to exploit vulnerabilities and cause damage. It's a good thing that the IT industry provides strategies and technologies that companies can use to protect themselves. Systems that shield infrastructures in traditional IT and production environments such as the store floor from unauthorized access are in demand, as are sophisticated data encryption and tamper-proof user authentication. But also training and staff courses that promote security-conscious behavior.
How does cybercrime affect the German economy? With annual losses of over 200 billion euros, it poses a massive threat. Discover the frightening figures and the challenges facing companies.
The German economy suffers losses of more than 200 billion euros every year as a result of cybercrime
Companies targeted by hackers: the spectrum of threats ranges from data theft, financial fraud and blackmail to state-motivated attacks as part of aggressive geopolitics. Highlights from the Federal Criminal Police Office's "Bundeslagebild Cybercrime" published in May 2024: Every year, the German economy suffers 206 billion euros in damage due to the theft of IT equipment and data as well as digital and analog industrial espionage and sabotage. Almost three quarters (72%) of all companies in Germany are affected by this. Every second company (48%) fears that a successful cyberattack could threaten its own existence. 82% are of the opinion that geopolitics and cyber security are inextricably linked.
The constantly increasing complexity, quality, density and speed of attacks presents security managers and cyber defense solutions with completely new challenges. Constant attention and countermeasures using the latest technologies are required. An important trend in cybersecurity is minimizing the reaction time between attack and response. Here, the use of AI can bring significant added value in terms of threat detection and reaction speed in real time. Systems need to work much faster than before. This also means more responsibility for the Security Operations Center (SOC) to protect networks without delay. After all, companies want their business and their investments in digitalization to be well protected. Above all, they want to grow successfully without having to constantly worry or even worry about damage limitation. DIGITAL X offers companies of all sectors and sizes the platform to obtain comprehensive information on the megatrend of information security and to make valuable contacts.
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Zero trust networks work on the principle of "trust no one, verify everything". All access to the network must be verified, regardless of whether it comes from inside or outside the network.
Managed Detection and Response (MDR) combines state-of-the-art defense mechanisms that guarantee the security of endpoints. Analysts at the Security Operations Center (SOC) continuously monitor all activities on systems and applications in order to analyze and filter suspicious events and prevent them from being executed.
Blockchain helps to ensure the integrity of transactions and protect digital identity by providing a decentralized and tamper-resistant record of all transactions.
Artificial intelligence and machine learning are increasingly being used in the prevention of cyber attacks. They can help to detect anomalies and unusual patterns in network traffic that indicate an attack.
Encryption protects data from unauthorized access both at rest and during transmission. New encryption techniques such as homomorphic encryption even make it possible to process encrypted data without having to decrypt it first.
Multi-factor authentication increases security because it uses at least two independent components to verify a user's identity.
Intrusion detection systems (IDS) and intrusion prevention systems (IPS) help to detect and respond to attacks or anomalies in network traffic.
Security information and event management (SIEM) systems collect and analyze security event data from various sources and help to trigger real-time alerts and generate reports and long-term analyses.
Endpoint Protection Platforms offer a collection of security technologies to protect endpoints from threats.
Drone defence prevents threats from drones, including unauthorized surveillance or intrusion into protected spaces. Technologies such as tracking radar, RF scanners and special drones are used here.
