Digitalisation

With the EU Parliament's formal vote on the EU Data Act, the potential of the digital age is gaining momentum. GDV CEO Jörg Asmussen comments.

In recent years, the EU Commission has presented a number of proposals to increase the safety of digital services in Europe. Still, in the area of cloud services, companies are turning in particular to U.S. providers, partly because European solutions are not competitive or missing altogether. Regulation of these areas therefore requires a delicacy, for doing business could otherwise become very difficult for European companies.

Germany could see more attacks from the web because of the war in Ukraine, insurers say. And a recent survey shows that Germany's small and medium-sized enterprises (SME) also expect more cyber-attacks from Russia.