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Study Claims Rising Number of German Cyber Attacks Originate in North America

  • Why it matters

    Why it matters

    A study of 6,700 German companies shows that one in five have been victims of cyber attacks and 6 percent claim they have traced the incursions to foreign intelligence agencies.

  • Facts

    Facts

    • The study raises new questions about the relationship between long-time friends and allies Germany and the U.S.
    • Most companies report professionals direct the attacks.
    • Germany and Europe must do a better job of protecting valuable assets from cyber espionage.
  • Audio

    Audio

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Numerous German firms accuse  U.S. intelligence  forces of economic espionage. Source: Reuters
Numerous German firms accuse U.S. intelligence forces of economic espionage. Source: Reuters
Numerous German firms accuse U.S. intelligence forces of economic espionage. Source: Reuters

 

A new survey conducted exclusively for Handelsblatt finds that the number of corporate espionage attacks on German companies originating from North America are on the rise and are costing the nation’s economy tens of billions of euros.

The study also raises new concerns about Germany’s relationship with the United States in the wake of an ongoing spy scandal that has chilled diplomatic relations between the longtime friends and allies.

A study of 6,700 German firms by the security counseling firm Corporate Trust, a German consultant, found that cyber attacks originating from North America were just as likely to be directed at corporations as political targets. Munich-based Corporate Trust conducted the survy with help from Zurich Insurance Group, Securiton AG, a German security technology maker and the British risk-management firm Aon plc.

In the survey, 21.9% of respondents said they could trace cyber intrusions to North American sites.

Almost 6 percent of respondents said they had traced the source of attacks to foreign intelligence services. Given the high level of professionalism and state-of-the-art spying technology, it’s likely the actual number of attacks from foreign spy services is much greater.

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