German companies, particularly small ones, and local governments need to invest far more in cyber security as increasingly organised hackers see them as easy targets for ransomware attacks, the BSI information security office said on Thursday.
Miniatures of people with computers are seen in front of binary codes and words 'Cyber attack' in this illustration taken July 19, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoBERLIN, Nov 2 -
That's even as 2022 saw an unprecedented level of investment in cyber security, at around 7.8 billion euros, it said. In ransomware attacks, hackers encrypt an organization's systems and demand ransom payments in exchange for unlocking them. Often they also steal sensitive data and use it to extort victims and leak it online if the payments are not made.
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