Recent findings from the global cyber study "Digital Trust Insight 2025," conducted by PwC, have revealed alarming statistics regarding cybersecurity vulnerabilities within German businesses. According to the study, a staggering 83 per cent of companies in Germany have experienced damages amounting to up to $9.9 million due to data breaches or data theft. The implications of these figures underline the critical need for robust cybersecurity measures amidst increasing concerns about technological dependencies.
The survey highlighted that 63 per cent of respondents do not have a comprehensive understanding of their organisation's technological dependencies. This lack of clarity may contribute to heightened risks, as two-thirds (67 per cent) of those surveyed believe that generative artificial intelligence (AI) will significantly expand the attack surface for cyber threats. As businesses increasingly integrate these emerging technologies, they face new challenges that may not have been fully anticipated.
In response to these growing concerns, 72 per cent of German companies have announced plans to increase their budgets for cybersecurity initiatives. While this decision is commendable, experts argue that merely raising financial allocations for cybersecurity is insufficient to counter the sophisticated tactics employed by cybercriminals. Kjetil Kolbjornsrud notes that cybersecurity must be viewed as merely one component of a broader, interconnected strategy aimed at mitigating risks.
The findings from the PwC study are indicative of a larger trend affecting businesses globally, highlighting that it is no longer a question of if cybercriminals will target a company, but rather when such attacks will occur. The urgency for organisations to adopt a holistic approach to cybersecurity, encompassing technology, personnel, and processes, has never been more pronounced. As businesses navigate an increasingly complex digital landscape, the imperative to enhance cyber resilience remains a paramount concern.
Source: Noah Wire Services