The dramatic development of the last few years
Numerous companies in Germany calm down with the thought that their company is too small or too insignificant to be the target of a cyber attack. Unfortunately, the statistics of the last few years have shown how dangerous and harmful this misconception can be for your own company or employees. In 2017, 56% of the companies surveyed were affected by at least one cyber attack, in 2019 it was 61% of the companies. (Source: Hiscox Cyber Readiness Report). You also have to pay attention to the number of unreported cases: Many companies do not want to lose their reputation and reputation that comes with data theft or sabotage in a hacker attack.
Cyber attacks on small businesses as an attractive target
Not only “big players” are affected by these dramatic developments, but also especially small and medium-sized companies with mostly inadequate IT security. These small businesses are often used as entry points to large companies. One speaks here of a so-called “watering hole attack”. This means that hackers attack small companies such as suppliers or service providers in the hope of finding an entry point into the internal network of large companies.
Cyber attacks on companies and the development over the last few years
If you look at the development of cyber attacks on companies over the last few years, you can see a rapid increase in malware. Above all, the number of ransomware, attacks and campaigns has increased enormously compared to the years before 2018. But identity theft is also becoming increasingly popular with hackers.
Never before has so much personal data been stolen. A drastic development of cyber attacks on companies in recent years also shows the use of botnets, both in private and in business. Continued specialization through the use of new attack vectors, multi-vector attacks and the use of the latest attack tools such as DDoS attacks from the cloud lead to a constantly high level of threat. The number of malicious program spam used in cyberattacks on companies has decreased in recent years, but the quality and thus efficiency of spam has increased significantly, which leads to a continued high level of threat.
The cost of uncertainty
The economic damage from cyber attacks is higher than ever before. This is proven by figures from the Federal Criminal Police Office.
Although the years 2012 to 2015 were quieter than before, we had to record a huge increase in damage from cyber attacks on companies for the year 2029:
The damage was twice as high as in 2014. Above all, 2014 marked a turning point in the history of cybercrime: that year, cybercrime attempted to do more harm than drug trafficking worldwide. And since he’s only grown
Digitization and Cyber Crime
Nowadays, the Internet and the networking of devices have become an indispensable part of our lives, whether private or business. That is why we have to keep in mind that cybersecurity is an essential prerequisite for the success of digitization. Continuous digitization should only be approached if the associated risks can be controlled. In 2020 in particular, the corona pandemic forced many employers to send employees from the office to the home office. This unplanned restructuring of companies and the ubiquitous fear of the virus created optimal conditions for new social engineering, campaigns and attacks on less well-secured home networks.
Read more about how you can protect yourself and your employees in our article about working from home.
Protection against damage from cyber attacks on companies
There are two major aspects to cybersecurity – one is the technical aspect: Cyber attacks on companies are becoming more and more sophisticated and have increased in number in recent years. In order to protect yourself technically, there are precautions that can be taken – this also includes regular penetration tests . An important factor that is repeatedly ignored is user awareness . People are the greatest security weak point in any company. Targeted user awareness, training or planned phishing campaigns can give employees a sense of when a situation can become dangerous.
Conclusion on cyber attacks on companies
In conclusion, it can be said that the dangers of cybercrime are growing immensely and can become a serious threat for every company and in every industry. What sounded very unlikely a few years ago – an attack on one’s own company – is unfortunately a bitter reality for many companies – with consequences that threaten their very existence