The global and independent platform for the SAP community.

Industrial companies: 43 billion euros in damage

Seven out of ten industrial companies have been victims of sabotage, data theft or espionage in the past two years.
E-3 Magazine
November 17, 2018
Industrial companies: 43 billion euros in damage
avatar
This text has been automatically translated from German to English.

Criminal attacks hit industrial companies particularly hard: sabotage, data theft and espionage have caused total damage to German industry of 43.4 billion euros in the past two years.

Seven out of ten industrial companies (68 percent) have fallen victim to such attacks during this period, and one in five companies (19 percent) suspect that they have.

This is the result of a study by the digital association Bitkom, for which 503 managing directors and security managers across all industry sectors were representatively surveyed.

Bitkom_180912_cmyk
Question: Has your industrial company been affected by data theft, industrial espionage or sabotage within the last two years? n=503.

"With its world market leaders, German industry is particularly interesting for criminals"

said Bitkom President Achim Berg at the presentation of the study in Berlin.

"Those who fail to invest in IT security are acting negligently and putting their businesses at risk."

For example, IT or telecommunications equipment has been stolen from one-third of companies (32 percent) in the past two years, and sensitive digital data has leaked from nearly one-quarter (23 percent).

"Illegal knowledge and technology transfer, social engineering and also economic sabotage are not rare individual cases but a mass phenomenon"

stressed Thomas Haldenwang, Vice President of the Federal Office for the Protection of the Constitution (BfV).

avatar
E-3 Magazine

Information and educational outreach by and for the SAP community.


Write a comment

Working on the SAP basis is crucial for successful S/4 conversion. 

This gives the Competence Center strategic importance for existing SAP customers. Regardless of the S/4 Hana operating model, topics such as Automation, Monitoring, Security, Application Lifecycle Management and Data Management the basis for S/4 operations.

For the second time, E3 magazine is organizing a summit for the SAP community in Salzburg to provide comprehensive information on all aspects of S/4 Hana groundwork. All information about the event can be found here:

SAP Competence Center Summit 2024

Venue

Event Room, FourSide Hotel Salzburg,
At the exhibition center 2,
A-5020 Salzburg

Event date

June 5 and 6, 2024

Regular ticket:

€ 590 excl. VAT

Venue

Event Room, Hotel Hilton Heidelberg,
Kurfürstenanlage 1,
69115 Heidelberg

Event date

28 and 29 February 2024

Tickets

Regular ticket
EUR 590 excl. VAT
The organizer is the E3 magazine of the publishing house B4Bmedia.net AG. The presentations will be accompanied by an exhibition of selected SAP partners. The ticket price includes the attendance of all lectures of the Steampunk and BTP Summit 2024, the visit of the exhibition area, the participation in the evening event as well as the catering during the official program. The lecture program and the list of exhibitors and sponsors (SAP partners) will be published on this website in due time.