Financial Crime World

Austria Sees Sharp Rise in Cybercrime, Companies Urged to Act Quickly

Cybercrime on the Rise in Austria

The Austrian Interior Ministry has released its latest criminal statistics, revealing a significant surge in cybercrime cases in the first half of 2019. With over 13,000 reported incidents, Austria is facing an unprecedented wave of digital attacks that threaten businesses and individuals alike.

Law Enforcement Takes Action

The rise in cybercrime has prompted law enforcement agencies to take action, with authorities urging companies to be vigilant and report any suspicious activity promptly. The Austrian Criminal Code (ACC) contains several provisions aimed at combating cybercrime, including sections that punish:

  • Illegal access to computer systems
  • Data corruption
  • Disruption of IT systems

Companies Affected by Cyberattacks: Know Your Options

Companies affected by cyberattacks are advised to assess their options under criminal law and approach the authorities in a timely manner. Criminal proceedings offer several advantages over civil law proceedings, including:

  • The ability to participate as a “private party” to request compensation for damages without court fees
  • Access to investigative measures not available to companies themselves
  • The potential to gather evidence that can be used in subsequent civil lawsuits

Initiating Criminal Proceedings

To initiate criminal proceedings, victims typically file a statement of facts with the public prosecutor’s office, providing strong evidence to support their claims. It is crucial that statements include:

  • Concrete evidence of an offence having been committed
  • Mere suspicion or vague indications are not sufficient

Protecting Yourself Against Cybercrime

To initiate criminal proceedings, victims typically file a statement of facts with the public prosecutor’s office, providing strong evidence to support their claims. It is crucial that statements include:

  • Concrete evidence of an offence having been committed
  • Mere suspicion or vague indications are not sufficient

Conclusion

Criminal proceedings can be a powerful tool for companies looking to limit damages and clarify the facts in the event of a cyberattack. However, it is essential that victims act quickly to increase their chances of success and gather evidence that can be used in subsequent legal actions.

About the Author

This article was written by Schoenherr Attorneys at Law.