“The threat our data security and our digital infrastructure is growing from year to year,” said Timotheus Höttges on Monday at the third Cyber Security Summit in Bonn. Höttges is Group CEO of Germany’s Deutsche Telekom, and is warning against massive cyber attacks on states and on private companies in Europe.
This year the telecommunications company registered close to one million hacker attacks daily, on its grids alone. Two years ago this number was only 300,000.
According to a Telekom study on cyber crimes, nine out of ten German companies are targeted in attacks from the Internet. In 2013, economic damags caused by these threats added up to $575 billion, Höttges said.
“Hackers work quietly and swiftly, and they are highly dangerous,” he warned.