The 9th e-Crime & Cybersecurity Germany
1 June 2017, Munich
"We already have very high standards to protect customer information and want to improve them even more with [our] bug bounty program … data security has a very high priority for the entire group,” Andreas Dürkop, Vice President IT Security, Lufthansa Group
In a sign of the increasing sophistication of German companies with regard to cyber risk, in February this year Lufthansa Group launched a bug bounty contest to identify and eliminate vulnerabilities and to to increase the security of its IT systems and customer information. Programmes like this are necessary. The average total cost of a data breach in Germany is around €3.61 million according to the latest Ponemon study with the highest costs felt in the most highly regulated (and fined) sectors. Malicious or criminal attacks were most often the cause of a data breach and these malicious attacks are most costly. How to lower the cost? Encryption, incident response planning, threat sharing and involvement in business continuity management are critical.
The regulators too 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 as business increasingly move online, payment channel innovation means a renewed focus on getting the basics of PCI DSS, personal information security and overall payment security right. In addition, security professionals need to keep up with the rapidly developing world of solutions, including the new cognitive and AI-based products which promise to revolutionise security – both systems and staffing levels.
The 9th e-Crime Information Security Germany will cover these and other key subjects for its audience of professionals tasked with safeguarding digital assets and sensitive data. There will be real-life case studies, strategic talks and technical break-out sessions from security teams behind some of the world’s most admired brands, who know, just like you, that security is now more important to business than ever before.