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BSI cyber Germany security Tech Top News 

Half of German companies hit by sabotage, spying in last two years, BSI says

July 21, 2017 BERLIN (Reuters) – More than half the companies in Germany have been hit by spying, sabotage or data theft in the last two years, the German IT industry association Bitkom said on Friday, and estimated the attacks caused around 55 billion euros’ worth of damage a year. Several high-profile attacks have occurred recently, such as the WannaCry ransomware attacks in May and a virus dubbed “NotPetya” that halted production at some companies for more than a week. Others lost millions of euros to organized crime in a…

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BSI crime cyber fake Tech Top News 

German firms lost millions of euros in ‘CEO Fraud’ scam: BSI

July 10, 2017 BERLIN (Reuters) – German firms have lost millions of euros to organized crime in a scam dubbed “CEO Fraud” that uses faked memos from top executives to entice accounting personnel to transfer funds, Germany’s federal cyber agency said on Monday. The BSI agency said officials investigating the new scam had secured a list of 5,000 potential targets, and were notifying those individuals. Organized criminals were using information they gleaned from social media networks, public company websites, job sites and even calls to the companies to fake the…

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BSI case cyber Germany Tech Top News 

Germany says cyber threat greater than expected, more firms affected

July 7, 2017 By Andrea Shalal HAMBURG (Reuters) – Germany’s BSI federal cyber agency said on Friday that the threat posed to German firms by recent cyber attacks launched via a Ukrainian auditing software was greater than expected, and some German firms had seen production halted for over a week. Analyses by computer experts showed that waves of attacks had been launched via software updates of the M.E.Doc accounting software since April, the BSI said in a statement. That meant that companies that used the software might have been infected…

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German cyber agency chides Yahoo for not helping hacking probe

May 11, 2017 By Andrea Shalal BERLIN (Reuters) – Germany’s federal cyber agency said on Thursday that Yahoo Inc had not cooperated with its investigation into a series of hacks that compromised more than one billion of the U.S. company’s email users between 2013 and 2016. Yahoo’s Dublin-based Europe, Middle East and Africa unit “refused to give the BSI any information and referred all questions to the Irish Data Protection Commission, without, however, giving it the authority to provide information to the BSI,” Germany’s BSI computer security agency said. A…

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