From left to right: Dominik Engel, FH Salzburg, Walter Haas, Innovation Salzburg GmbH, Anna Habenegg, Palfinger AG, Governor Wilfried Haslauer, Robert Lamprecht, KPMG and Andreas Sartori, Porsche Informatik GmbH, photo: FH/wildbild

19. May 2022

Daily cyber attacks on companies

A recent Austrian-wide study by KPMG shows how strongly domestic companies are affected by cybercrime. 67 percent report cyber attacks in the last twelve months. The study was presented on Wednesday, 18 May 2022, by the FH Salzburg and Innovation Salzburg.

In cooperation with the KSÖ Security Forum Digital Economy, consulting firm KPMG surveyed around 550 domestic companies at the beginning of the year about their experiences with cybercrime and security. The results of this study were presented on Wednesday, May 18th, at FH Salzburg in cooperation with Innovation Salzburg.

“The results clearly show how great the pressure of cybercriminals is on the domestic economy. At the same time, many companies are already well prepared and view such attacks as normal business,” said Governor Wilfried Haslauer. He further added, “Attacks on the digital infrastructure of companies are now a daily occurrence. We have had to deal with this experience several times in Salzburg. It is also essential for small and medium-sized companies to rethink and protect themselves against this threat.”

Prepared for attacks

71 percent of the surveyed companies consider phishing, such as fraud attempts with, for example, fake emails, as normal business. The study authors see a certain “coolness” in companies facing such challenges and that they are well prepared. 83 percent feel equipped in the event of an attack and trust their protective measures. At the same time, every other company sees data leak blackmail as a particular challenge, according to some of the survey results.

Difficulty finding professionals

About three-quarters of companies are concerned about personnel search for IT and security experts. Almost half of the companies (43 percent) take at least four to six months to search for an employee.

Ukraine war extends into companies

According to the study, cyber-attacks by state-supported actors are becoming increasingly important. More than half of the companies see it that way. In addition, conflicts such as the war in Ukraine are also fought virtually. “Companies will feel the repercussions of malware that was originally developed to settle a conflict. For example, malware on Ukrainian computer systems. This war will harm those who have not protected themselves against cyberattacks,” said Robert Lamprecht from KPMG.

High damage sums

As the study “Cyber-Security in Austria” shows, cybercrime is often associated with very high costs. One-tenth of the surveyed companies reported damages of up to 500,000 euros, and 46 percent reported damages of up to 10,000 euros.

  • Overview of study results
  • 67 percent of companies have already fallen victim to a cyber attack.
  • 20 percent report that they suffered financial damage from cybercriminals.
  • 51 percent of attacks were phishing attacks.
  • 70 percent became aware of a cyber attack through their own employees.
  • 71 percent report an increase in cyber security budgets.
  • 65 percent invest in additional security tools after a cyber attack.
  • 40 percent employ one to two people for cyber security.
  • 83 percent trust their protective measures in the event of an attack.
  • 97 percent involve external service providers in technical incident management.

 

The study (german):

Cyber Security in Österreich 2022

Source (german): Landeskorrespondenz

 

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