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53% of the German companies have been victims of economic espionage or data theft and lose EUR 55 bln

Over half the companies in Germany (53%) have been victims of economic espionage, sabotage or data theft in the past two years, according to a study by digital industry association Bitkom. Annual losses from such activities have risen to EUR 55 billion from 51 billion two years ago. READ MORE: Is Monday the worst day of the week….for security? Bitkom said…

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Cybersecurity Market Worth 231.94 Billion USD By 2022

The cybersecurity market is expected to grow from USD 137.85 Billion in 2017 to USD 231.94 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 11.0%. The major forces driving the cybersecurity market are strict data protection directives and cyber terrorism. The cybersecurity market is growing rapidly because of the growing security needs of Internet of Things (IoT)…

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Italian SMEs spent just EUR 240 mln on cybersecurity in 2016

Italian small and medium-sized businesses invested just EUR 240 million in 2016 to protect their data against cyberattacks such as the recent global ‘Wannacry’ ransomware attack, reports Il Sole 24 Ore, citing data from the Security and Privacy Observatory at Milan Polytechnic university. Italy’s information security services market was worth a total of EUR 972 million last year, up 5…

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Belgian govt plans cybersecurity call centre for businesses

The Federal Government has announced that a call-centre is to be set that will give individuals and companies advice on issues linked to cyber-crime. The call centre will be staffed 24 hours a day, 7 days a week. Belgian telecom minister Alexander de Croo has announced new measures aimed at improving cybersecurity in the country. Following a special cabinet meeting…

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Employees increasingly allowed to move data onto personal mobile devices

Corporate data governance programs are difficult to establish and enforce. For the most part, these programs lack the necessary people, processes and technology to effectively fend off security threats, data breaches, regulatory fines and lawsuits. The two weakest links in a company’s data governance program are uncontrolled user access to data (53 percent) and managing where data is stored (43…

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BlackBerry Partners With A Leading Insurance Provider To Boost Enterprises’ Cybersecurity

It’s a truth most of us would just as soon forget. Technology trends such as enterprise mobil ity and the Internet of Things attracts not only the productivity minded, but those with darker motives. I’m talking about hacking, malware, data breaches, and more. Already, the annual cost of data breaches sits at somewhere around $400 billion, and could climb as…

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UK SMEs showcase projects in competition final to help millions of businesses and citizens stay safe from online cime

BT, TechHub and the Cabinet Office have announced the winners of their Securing the Nation competition at an event at the iconic BT Tower. The competition, which is the latest in a series by the BT Infinity Lab, was launched earlier this year to find innovative small and medium enterprises (SMEs) who can create solutions to help consumers and businesses…

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One in five UK businesses has been the victim to cyber-attacks in the past year

Mainly big business hit by cyber-attacks, but all need to improve security The survey conducted by the British Chambers of Commerce (BCC), with more than 1,200 businesses across the UK found that 20% had been hit by a cyber-attack in the last 12 months. Big businesses are far more likely than their smaller counterparts to be victims of attacks (42%…

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Deception Technology Market worth 2.09 Billion USD by 2021

The report “Deception Technology Market by Component: The deception technology market size is estimated to grow from USD 1.04  Billion in 2016 to USD 2.09 Billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 15.1%. Deception technology helps organizations to protect networks, endpoints, and devices from various malicious attacks, sophisticated cybercriminals, ransomwares, and Advanced Persistent Threats (APTs). READ…

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Telekom wants to grow faster than the market in Security

The plans are ambitious: Telekom wants two digit growth in Cybersecurity, more than the eight-percent market growth in Germany. The new Telekom Security business unit, through which the company aims to achieve these goals, has now been launched officially. Anette Bronder, Director of the T-Systems Digital Division, now is Director of Telekom Security in addition. Dirk Backofen continues to manage…

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