Monthly Archives: September 2018

German manufacturers lose $50B to cyber attacks, SMBs at greatest risk

A quarter of German manufacturing companies reported losing sensitive mobile phone data, according to a Bitkom survey.

Two-thirds of German manufacturers have faced cyberattacks, racking up $50 billion in costs, according to a Bitkom survey released on Thursday. Acting as Europe’s largest economy, Germany has recently been a hot bed for cyber criminals.

Bitkom surveyed 503 managers and security chiefs from Germany’s entire manufacturing sector, determining SMBs—the economy’s main backbone—to be the most vulnerable to attacks, Reuters reported in a Thursday press release.

SEE: Cybersecurity strategy research: Common tactics, issues with implementation, and effectiveness (Tech Pro Research)

As one of the top exporters worldwide, Germany has been a long-time focus for hackers in competing economies. In fact, German security officials have been trying to shed light on cyberattack threats for a long time, said the release, warning government administrators about foreign spy agencies that may look to steal Germany’s manufacturing strategies.

“With its worldwide market leaders, German industry is particularly interesting for criminals,” Bitkom head Achim Berg said in a statement, reported Reuters. With such a dominate manufacturing economy, German companies needed to take cybersecurity seriously, said the release.

A third of German companies also reported mobile phones being stolen, and a quarter of companies admitted losing sensitive digital data in the process, said the release. Additionally, 19% of companies reported their IT and production systems had been compromised, and 11% said their communication systems were tapped, added the release.

Check out this TechRepublic article for tips on how to improve your organization’s cybersecurity.

The big takeaways for tech leaders:

  • Two-thirds of German manufacturers lost $50 billion to cyberattacks. — Bitkom, 2018.
  • A third of German companies said their mobile phones had been stolen, and a quarter reported losing sensitive data. — Bitkom, 2018.

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Henry Sapiecha

17 Sep 2018 2:54 PM AEST – Review of the Crimes Legislation Amendment (Police Powers at Airports) Bill 2018

The Parliamentary Joint Committee on Intelligence and Security (PJCIS) has commenced an inquiry into the Crimes Legislation Amendment (Police Powers at Airports) Bill 2018.  The Bill was introduced into the House of Representatives on 12 September 2018 and referred to the Committee for inquiry and report by the Minister for Home Affairs.

The PJCIS Chair, Mr Andrew Hastie MP, said:

Australian airports are among the safest in the world. However recent events—including the July 2017 aviation terrorist plot targeting international flights departing Sydney—have identified that more can be done to assist law enforcement officers in the protection of our aviation network.

The Bill allows police at certain airports to direct a person to provide evidence of their identity, and empowers officers to direct a person to leave an airport, or not take a flight, for up to 24 hours.

In its inquiry, the Committee will consider the adequacy of the current powers of police at airports, review the new powers, and examine the appropriate safeguards.

The Committee is currently accepting submissions to this review. Submissions should be provided no later than Friday, 5 October 2018. If you intend to make a submission, please contact the Secretariat at PJCIS@aph.gov.au by Tuesday 25 September to assist with planning.

Further information on the inquiry can be obtained from the Committee’s website.

Media enquiries:
Chair, Mr Andrew Hastie MP (Canning, WA) on 08 9534 8044 (Electorate office) or (02) 6277 4223 (Parliament House)

For background information:
Committee Secretariat – Parliamentary Joint Committee on Intelligence and Security

(02) 6277 2360
pjcis@aph.gov.au

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Henry Sapiecha