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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Uma Rajagopal

    Posted on May 13, 2024

    Featured image for article about Top Stories

    Germany says cybercrime by foreign actors rose by 28% in 2023

    BERLIN (Reuters) – Cybercrime by foreign perpetrators surged in Germany in 2023, rising by 28% on the previous year, data released on Monday showed, at a time of heightened anxiety in Europe over suspected Russian hackers and spies in the run-up to elections.

    “The threat level in the area of cyber security remains high,” German Interior Minister Nancy Faeser said on presenting the report at the Federal Criminal Police Office in Wiesbaden.

    The number of cybercrimes committed by foreign actors has risen consistently since German authorities started compiling the figure in 2020. In 2022, the increase was 8%.

    Earlier this month, Germany accused Russia of launching cyberattacks on its defence and aerospace firms and ruling party.

    These attacks – attributable to Russian military intelligence – “show how big the threat is,” Faeser said. “We will not be intimidated by the Russian regime. We will continue to do everything to protect our democracy from Russian cyber actions and we will continue to support Ukraine.”

    (Reporting by by Friederike Heine, Editing by Rachel More)

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