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75 Percent of German Companies Affected by IT Security Incidents in 2019

IT security incidents in German companies PreciseSecurity.com

German companies are plagued with an increasing number of cyber-attacks and IT security incidents. According to PreciseSecurity.com research, 75 percent of them have been affected by some sort of IT security incidents in 2019, causing total damage of €102.9 billion this year.

The Growing Trend of IT Security Incidents

The statistics show a significant increase in the number of IT security Incidents among German companies during the last two years. Back in 2015, 51 percent of companies were affected by IT security incidents. Two years later, in 2017, the number of afflicted firms modestly increased to 53 percent. The 2019 survey indicates a significant increase, with 75 percent of companies claiming to be affected by IT security incidents.

One Third of Companies Report Theft of IT or Communication Devices

During 2019, 32 percent of German companies became victims of theft of IT or communication devices, making it the most ordinary type of IT security incident. Another 16 percent of them were likely affected by such theft. Analog social engineering was the second most common IT security incident in the German market, with 30 percent of companies reporting this problem.

Digital Attacks Caused Total Damage of €205.7 Billion in Two Years

The 2019 statistics show that digital attacks caused damage to seven out of ten German companies. Most of them or 25 percent, to be precise, were exposed to password attacks. Another 23 percent of companies reported malware infection. Phishing took third place on the list, with 23 percent of German companies reporting this type of digital attack. Compared to 2017 facts, all types of digital attacks marked an increase, except the malware infection.

Nevertheless, data thieves were primarily interested in communication and financial data. Almost 50 percent of businesses reported communication data stealing in 2019, while 26 percent of them have become victims of financial data theft. Digital attacks and IT security incidents in German companies have caused total damage of €205.7 billion within the last two years.

 

Data Loss Prevention Market to Double to $2.28b in the Next 4 Years

According to recent data collected by PreciseSecurity.com, the Data Loss Prevention (DLP) market is expected to grow by 83% in the coming four years. This is because governments and companies are worried about the effect hackers are having on the industry and how individuals and firms are every time more exposed to data loss. (more…)

Global App Revenue Reaches $21.9 Billion in Q3 2019

Global App Revenue Q3 2019

Mobile consumers spent $21.9 billion on apps across the App Store and Google Play in the third quarter of 2019. According to the Sensor Tower Store Intelligence, this represents a 22.9 percent increase compared with $17.9 billion in revenue in Q3 2018. The recent data includes user spend for subscriptions, premium apps, and in-app purchases.

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SatoshiLabs CEO: The Future of Cryptocurrency Security will be Open Source

Marek Palatinus (or Slush), the CEO of SatoshiLabs

SatoshiLabs, the company behind Trezor, the first cryptocurrency hardware wallet in the market, is improving its services and facing many challenges in the cryptocurrency industry.

In a recent exclusive interview with PreciseSecurity.com, Marek Palatinus (or Slush), the CEO of SatoshiLabs, talked about how the company is working to improve Trezor’s solutions and security. (more…)

How to refund credit card payment for fake anti-virus software

Fake anti-virus, also known as rogue security programs, is probably the primary ways for online criminals to make money from Internet users. Fake security applications have been exploited to steal money from unsuspecting computer users making them pay as much as hundred U.S. dollars for a counterfeit software. As a result, this fraud operation has grown into the most profitable fraudulent operations online. (more…)