Category Archives: Germany

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.