German firms beef up cyber security to stay ahead of new threats

German firms are bolstering investments in security products and services over heightened cyber security concerns, according to a new report published today by the Information Services Group (ISG).

A concurrent rise in crises and technology trends is attributable to the burgeoning growth. War, increasing digitisation, and pandemic effects increase risks, creating more demand for advanced security tools and services, reads the ISG Provider Lens report.

The technology research and advisory firm also stated that German companies and government agencies are faced with sophisticated cyber attacks amid a shortage of IT professionals.

As an aftermath of COVID-19, remote and hybrid work has made IT systems susceptible to attacks as employees continue to connect to workstations from different locations and through their own devices. To better manage associated risks, German companies are increasingly implementing cloud-based identity and access management (IAM) systems that can operate across multiple cloud environments.

Zero-trust access, endpoint protection, and AI-based behavioural analysis are among other security strategies leveraged by German firms.

“Holistic enterprise security is more than just a current trend, it’s vital to the successful operation of a business,” said Roger Albrecht, co-lead, ISG Cybersecurity.

“German senior executives understand that cyber attacks can seriously threaten a company’s reputation and finances, so they are paying even greater attention to secure collaboration with third parties, secure core business processes, and secure connected and digital products,” added Albrecht.