Cybercrime to cost Germany 206 billion euros in 2023: survey

The theft of IT equipment and data, as well as digital and industrial espionage and sabotage, will cost Germany 206 billion euros ($223.55 billion) in 2023, Germany’s digital association Bitkom said Friday.

The damage will surpass the 200 billion euro mark for the third consecutive year this year, according to a Bitkom survey of more than 1,000 companies.