Germany has become the first nation to officially criticize Russia and China for the increase in cyber attacks targeting its national infrastructure. These attacks have surged by 37% and resulted in an annual economic loss of $224 billion. The most common forms of cyber attacks faced by Germany include data theft, network disruptions, and espionage.
A study conducted by Bitkom revealed that nearly 46% of cyber attacks against German companies originated from Russia and China. Ransomware attacks are expected to further escalate in 2023, resulting in annual economic losses of around $160 billion unless effective countermeasures are implemented.
38% of victimized companies were unable to determine the exact origin of the attacks, highlighting the ability of hackers to obfuscate their activities. Only 3% of these attacks were successfully detected, making it difficult to trace their origin to a specific location.
Key Points:
– Germany has publicly criticized Russia and China for cyber attacks on its national infrastructure.
– These attacks have increased by 37% and resulted in an annual economic loss of $224 billion.
– Ransomware attacks are projected to cause annual economic losses of $160 billion in 2023.
– 38% of victimized companies were unable to determine the origin of the attacks.
– Only 3% of the attacks were successfully detected.