AI-Driven Cyberattacks Surge, SMEs in Germany Urged to Bolster Security Measures

Artificial intelligence is increasingly exploited by criminals to enhance sophisticated fraud schemes targeting businesses, particularly small and medium-sized enterprises (SMEs) in Germany. According to a recent study by credit insurer Allianz Trade reported by FAZ, damages from social engineering fraud surged by 60% in 2023. These scams involve impersonation tactics such as the “Fake-President” or “CEO Fraud,” where attackers pose as company executives. Despite a notable 81% drop in case numbers in 2025, the financial impact of such fraud tripled in 2024 and remained alarmingly high in 2025, with losses often reaching multimillion-euro figures. The most prevalent fraud type remains order fraud, where perpetrators masquerade as customers to divert goods to fraudulent addresses. Losses from order fraud more than doubled in 2025, and case numbers increased by 61%.

Marie-Christine Kragh, Global Head of Fidelity Insurance at Allianz Trade, characterizes the ongoing scenario as a "cat-and-mouse game" due to criminals refining their methods using AI, including the use of almost undetectable fake emails and deepfake technology to gain trust. Alarmingly, 60% of fraud cases and 65% of financial damages originate from insider threats.

In response to the escalating threats and complexities facing SMEs, WITO Barnim GmbH is organizing a free practical cybersecurity workshop in Eberswalde on February 5, 2026. The event, titled "Cybersicherheit," aims to provide around three hours of expert guidance and practical tips such as password security, data backup strategies, and emergency planning. Simon Kennerknecht, a cybersecurity expert and project manager at the cybersecurity transfer office for SMEs, will lead the workshop, offering insights into current cyber threats and relevant legal frameworks. This initiative, funded by the federal cybersecurity program, emphasizes accessible measures for breach prevention, detection, and response. The workshop also includes opportunities for networking and discussion, with prior registration recommended for interested participants.

These developments underline the urgent need for SMEs to strengthen their cybersecurity defenses as AI-enhanced fraud techniques continue to evolve rapidly and cause significant financial harm across the German business landscape.