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Security Insights  |  21 March 2022

Risks in BaFin’s Focus 2022: Supervisory Authority Wants to Intensify Dedicated IT Audits

Cyber incidents pose a growing threat to the financial industry. BaFin is responding to this development with tighter IT controls and enforcement measures.

Security Insights  |  28 February 2022

Supervisory authorities step up data protection controls in the public sector

EU supervisory authorities have launched a comprehensive investigation into cloud use in the public sector. The objective is to uncover and remedy any breaches of data protection.

Security Insights  |  21 January 2022

Cyber incidents are the greatest risk to companies

Allianz rates cyber incidents caused by attacks or technical failures as the most significant risk for companies in 2022.

Security Insights  |  1 December 2021

Operational resilience: BaFin puts even greater focus on cybersecurity

BaFin has set itself the goal of strengthening the operational resilience of the financial industry. An important part of this is the digital safeguarding of banks, insurance companies, and affiliated service providers.

Security Insights  |  28 October 2021

Regulators take action against unauthorized use of U.S. cloud service providers

In an interview, KPMG legal expert Sebastian Hoegl reveals how Europeancompanies can best respond when they get a letter from the data protection authority or have concerns about whether they are violating data protection provisions by using U.S. cloud service providers.

Security Insights  |  20 September 2021

Politics in the digital crosshairs: How can we protect the German federal elections?

Digital attacks on political portals and actors have increased dramatically and are harming our democracy. They aim to illegitimately wield influence and undermine public trust.

Security Insights  |  10 September 2021

Using cybersecurity as a competitive advantage

Single investment, triple return: Investments in digital protection pay off many times over for banks with a tailor-made cybersecurity strategy.

Security Insights  |  27 August 2021

223 billion euros in damage caused by cyber attacks – why the number of unreported cases is much higher

When critical infrastructure is attacked, the actual damage is far greater. That is why the protection of critical infrastructure is fundamental to the well-being of us all.

Security Insights  |  26 August 2021

BaFin revises MaRisk and BAIT: Higher compliance requirements for banks

In light of advancing digitization, cybersecurity is becoming an even greater focus of supervisory attention. Institutions must prepare for new or more specific regulations related to outsourcing, contingency management, and effectiveness controls, for example.

Security Insights  |  18 August 2021

The lessons from the cyber disaster in Anhalt-Bitterfeld

For maximum security, existing protective measures should be continuously reviewed and adapted. Specialized service providers can help with this.

Security Insights  |  11 August 2021

You can have both convenience and data security when it comes to e-health

Combining convenience with certified data security will increase the acceptance of e-health products and services. Experienced specialist service providers can help by lending their expertise.

Security Insights  |  1 July 2021

Cloud Monitor 2021: Companies demand performance, security, and compliance

The performance and security of systems as well as compliance with existing data protection regulations are the decisive criteria when choosing a cloud service provider.

Security Insights  |  7 June 2021

Digital bank heists: Bonnie and Clyde would be hackers today

These days, bank robbers are no longer armed with a handgun nor wear a hood – a laptop and just a bit of criminal energy are often all that’s needed.

Security Insights  |  25 May 2021

IT security creates a foundation of trust for e-health solutions

In the healthcare sector, digital solutions are increasingly being used in administration, diagnostics, and treatment. Security and data protection are given top priority in order to promote social acceptance of e-health.

Security Insights  |  17 May 2021

Financial regulator steps up controls on IT and cybersecurity

In light of advancing digitalization, cyber risks are becoming an even greater focus for BaFin. The supervisory authority is paying particular attention to the outsourcing of IT services.

Security Insights  |  14 May 2021

European data platform: 5 reasons why GAIA-X is so important

GAIA-X is intended to promote cloud computing on a European level as a hybrid data platform. More than 350 companies and organizations are involved in setting up the lighthouse project – and for good reasons.

Security Insights  |  22 December 2020

Cybersecurity: What awaits IT decision-makers in 2021

Myra Security looks back at the year’s most defining IT security trends and dares to look ahead to the challenges and digital threats IT decision-makers will be facing in the coming year.

Security Insights  |  20 November 2020

Cyber insurance: DDoS and blackmail cause the most expensive damage

While external attacks account for the majority of the damage, internal incidents are the most common cause of cyber damage—but with a lower financial impact.

Security Insights  |  16 November 2020

Out of the crisis and into the cloud

In the coming year, companies will increasingly depend on how quickly and how well they are able to make use of cloud and remote work solutions.

Security Insights  |  3 September 2020

BaFin demands higher hurdles for IT outsourcing

Raimund Röseler, BaFin Executive Director for Banking Supervision, is in favor of IT outsourcing to qualified service providers. However, he is calling for the right of direct control over the service providers. Banks must choose their IT partners with care.

Security Insights  |  15 July 2020

Digitization in healthcare in demand as never before

International studies show that patients are increasingly demanding digital treatment methods such as telemedicine, health apps or AI-supported diagnosis programs. However, IT security, data protection and compliance are the basis for successful digitization in the healthcare sector.

Security Insights  |  25 June 2020

Cloud computing in the passing lane

The topic of cloud computing is more important for German companies than ever before. Over three-quarters of all companies relied on computing power from the cloud last year - and the trend is still rising.

Security Insights  |  22 June 2020

Finance & insurance: Web applications are an Achilles’ heel

The finance and insurance industry remains one of the most popular targets of cybercriminals. Attackers access sensitive data primarily via gaps in web applications.

Security Insights  |  14 May 2020

What does the BSI actually do?

The German Federal Office for Information Security (BSI) is committed to protecting IT systems in public authorities, companies and private households. You can find out how this is done in detail here.