Cybercrime to cost Germany 206 billion euros in 2023
BERLIN: The theft of IT equipment and data, as well as digital and industrial espionage and sabotage, will cost Germany 206 billion euros ($224 billion) in 2023, German digital association Bitkom said on Friday.
The damage will surpass the 200 billion euro mark for the third consecutive year, according to a Bitkom survey of more than 1,000 companies.
“The German economy is a highly attractive target for criminals and hostile states. The boundaries between organised crime and state-controlled actors are blurred,” Bitkom President Ralf Wintergerst said.