The ‘epidemic’ is rampant and becoming increasingly widespread: cybercrime attacks on businesses increased by 30 percent last year. Extortionists often demand money from companies that they can use to ‘buy out’ themselves from the attack. Only a few are insured against it.
WKO division chairman Martin Heimhilcher (Information and Consultancy): “It is no longer a question of whether a company will be affected, but when.” The damage is enormous. Heimhilcher: “A property management company was recently affected, they could not work for a week, the damage amounted to 250,000 euros.” But that’s just one of many, of too many. Many companies still hope that they will be spared this.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
