Cybercrime costs German firms €267bn ($298bn) annually, up 29%, with 90% expecting more attacks and 81% reporting data theft.

Bitkom survey shows cybercrime costs German firms €267bn ($298bn) in a year, up 29% from the previous year. 90% of firms expect more attacks in the next 12 months. Organized crime is responsible for 70% of attacks, and 81% reported data theft. Companies now allocate 17% of IT budgets for digital security, up from 14% last year. However, only 37% have emergency plans for supply chain security incidents.

August 28, 2024
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