vpn for germany

Germany’s Annual Monetary Loss Due to Cybercrime

Statistics reported and maintained by the World Bank show that more than 8 out of every 10 people in Germany used the internet in 2012.

At such a high rate, it comes as no surprise that Germany ranks third in the countries with the most cybercrime. As part of the EU, Germany is one of the many developed countries facing a rapid increase in cybercrime rates.

If you ask me, I think this makes Germany one of the many developed countries that need to come to terms with the necessity of using VPNs at individual and corporate levels.

Germany’s Annual Monetary Loss Due to Cybercrime

Last year, HP Enterprise Security sponsored the Ponemon Institute to conduct a research on the cost of cybercrime in Germany. The research established that businesses in Germany lose an average of 4.8 Million Euros every year due to cyber crime.

The larger the organization, the costlier the damage caused by cybercrime.

Organizations get attacked once a week, but small targets like you and me are at risk every time we connect to the internet.

We wouldn’t trust a complete stranger with our personal information, yet we take it for granted that every WiFi hotspot we connect with is secure.

Preventing Cybercrime with one VPN at a time

The Ponemon Institute research identified that cyber crime incidents in Germany generally involve identity theft and the pilfering of information.

However, it was also observed that protective measures implemented pro-actively have a positive impact and significantly reduce the everyday German internet user’s vulnerability.

Luckily, people like you and me don’t have to install costly security intelligence systems for protection every time we connect to the internet. A VPN does the job!

Germany’s Cyber Security Measures Fall Short

A research published this March by the Ted Rogers School of Management at the Ryerson University, even though the Germany Cyber Security Strategy for 2011 recognizes the term cyber-attack, there is still lack of a clear definition forcybercrime.

In its current form, the government’s focus of cyber security measures is to protect the German internet using community against cyber-attacks.

Unfortunately, this leaves a very big margin for a host of other damaging activities that fall in the cyber-crime category.

Conclusion

Considering the expansive damage caused by cybercrime in Germany and the yet-inadequate nature of cyber security measures taken by the German government, I think it is safe to say that an unprotected internet connection is bears a very close resemblance to a death trap these days!

As part of the EU, internet users in Germany fall victim to a much larger cybercrime spread than that which is normal for a developed country.

It doesn’t matter if you reside in Germany, are travelling to Germany or conduct business in/with Germany get a VPN and protect yourself.

Key Takeaways

  • More than 8 out of every 10 people in Germany used the internet in 2012
  • Germany ranks third in the countries with the most cybercrime
  • Germany loses an average of 4.8 Million Euros every year due to cyber crime
  • We take it for granted that every WiFi hotspot we connect with is secure
  • Pro-active protective measures significantly reduce vulnerability
  • The government’s focus is to protect against cyber-attacks – leaving a margin for damaging activities falling in the cyber-crime category
  • We don’t have to install costly security intelligence systems – A VPN does the job perfectly

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Sarah, A

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