Cybercrime to cost Germany 206 billion euros in 2023 -survey

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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 boundaries between organised crime and state-controlled actors are blurred," Bitkom President Ralf Wintergerst said.

"The slight decline in the number of companies is a positive sign and indicates that protective measures are having an effect," said Wintergerst.

When asked whether "cyber attacks threaten your business existence", for the first time more than half of the companies, or 52%, said "yes".

Of the companies that suffered attacks, 70% have had sensitive data stolen - an increase of 7 percentage points on the previous year.

"Our response to this growing threat is to significantly strengthen cooperation with our partners, rapid detection and reaction to attacks, as well as continuous adaptation of our defence mechanisms," said Sinan Selen, president of the Federal Office for the Protection of the Constitution.

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The theft of IT equipment

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