The 8th e-Crime & Cybersecurity Germany
31 January 2017, Frankfurt
"To enable us to tackle the enormous challenges of the next decade, we need to expand our know-how in cyber-security in order to systematically advance … cyber-security for our customers," Volkmar Tanneberger, Head of Electrical and Electronic Development at Volkswagen.
German companies are at the forefront of incorporating cyber-security into their products and processes. Volkswagen needs to secure its cars; Siemens believes that cyber-security is a crucial part of effective energy management, enabling secured infrastructure and business availability. The board of the Deutsche Cyber-Sicherheitsorganisation, comprised of leading German companies, met for the first time in August 2016 to begin its mission.
And it’s not just companies under threat. Each day there are more than 20 highly specialized attacks on the government's computer networks, according to the president of the Federal Office for Information Security (BSI), Arne Schönbohm, adding, “Today cyber attacks are much more precise than before and aimed at single targets, like the German parliament. That unfortunately means they're also more successful.”
And the regulators are demanding ever higher standards of data security and also privacy. Specific German legislation on cyber-security was introduced early, but companies will have to modify their processes and procedures to comply with the requirements of the EU NIS and GDPR. And CISOs are going to have to demonstrate cyber-security competence to other third- parties too: insurers, shareholders, ratings agencies and suppliers and business partners. This is just the start.