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Russia, China, Iran Increase Cyber Threats to German Businesses
(MENAFN) German businesses face a growing wave of cyberattacks, with Russia, China, and Iran identified as the main countries linked to the attacks over the past year, according to an annual industry assessment.
The report, based on surveys of German companies, estimates that cybercrime has inflicted €211 billion ($246 billion) in economic losses. Businesses most frequently identify China and Russia as the origins of attacks, while Iran is increasingly appearing in reports of economic cybercrime.
“What is striking is that 9% of the companies surveyed now report attacks originating from Iran,” Wintergerst said. “This marks the first time Iran has emerged as a major actor in economic crime against German companies.”
The assessment also highlights growing difficulties in detecting cyber incidents. More companies are reportedly unaware that their systems have been targeted, while espionage campaigns are becoming increasingly sophisticated and difficult to identify.
Germany’s domestic intelligence authorities also warn that foreign governments are playing a larger role in cyber espionage and sabotage aimed at businesses.
“Germany faces a high level of threat in cyberspace. The rise in activity by state actors is a matter of extreme concern to us,” Selen said.
The share of companies affected by data theft, industrial espionage, or sabotage that link at least one incident to a foreign intelligence service has also risen over the past year, increasing from 28% to 37%.
The report, based on surveys of German companies, estimates that cybercrime has inflicted €211 billion ($246 billion) in economic losses. Businesses most frequently identify China and Russia as the origins of attacks, while Iran is increasingly appearing in reports of economic cybercrime.
“What is striking is that 9% of the companies surveyed now report attacks originating from Iran,” Wintergerst said. “This marks the first time Iran has emerged as a major actor in economic crime against German companies.”
The assessment also highlights growing difficulties in detecting cyber incidents. More companies are reportedly unaware that their systems have been targeted, while espionage campaigns are becoming increasingly sophisticated and difficult to identify.
Germany’s domestic intelligence authorities also warn that foreign governments are playing a larger role in cyber espionage and sabotage aimed at businesses.
“Germany faces a high level of threat in cyberspace. The rise in activity by state actors is a matter of extreme concern to us,” Selen said.
The share of companies affected by data theft, industrial espionage, or sabotage that link at least one incident to a foreign intelligence service has also risen over the past year, increasing from 28% to 37%.
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