Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

Germany Faces $224B Cybercrime Cost

September 5, 2023
Reading Time: 1 min read
in News

According to a report by the German digital association Bitkom, cybercrime is expected to have a significant impact on the German economy in 2023.

The report estimates that cybercriminal activities, including fraud, cyber espionage, intellectual property theft, sabotage, and extortion, will cost Germany a staggering 206 billion euros (approximately $224 billion) this year. These alarming figures, based on a Bitkom survey of more than 1,000 companies, are concerning for both politicians and citizens.

The survey revealed that around 75% of the organizations surveyed had fallen victim to cyberattacks in the past year. While this percentage is slightly lower than the previous year’s 84%, it still indicates a substantial threat landscape. Germany’s strong economy makes it an attractive target for cybercriminals and state-sponsored actors seeking to maximize their profits. Disturbingly, this marks the third consecutive year that the estimated cost of cybercrime will exceed 200 billion euros.

Bitkom President Ralf Wintergerst highlighted the blurred lines between organized crime and state-controlled actors in cyberattacks. He also noted that the decline in the number of victimized companies, while a positive sign, underscores the effectiveness of protective measures.

However, over half of the surveyed companies expressed concerns that cyberattacks could threaten their very existence, indicating the severity of the threat. Despite increasing awareness and security measures, the report shows that cybercrime remains a formidable challenge for Germany.

Reference:
  • Cybercrime to cost Germany 206 billion euros in 2023, survey finds
Tags: Cyber NewsCyber News 2023CybercrimeCybersecurityExtortionGermanyGovernmentSeptember 2023
ADVERTISEMENT

Related Posts

Proton Launches Encrypted AI Assistant

Jetflicks Operator Sentenced to 7 Years

July 25, 2025
Proton Launches Encrypted AI Assistant

Proton Launches Encrypted AI Assistant

July 25, 2025
Proton Launches Encrypted AI Assistant

Brave Blocks Windows Recall Screenshot

July 25, 2025
Interlock Ransomware Threat Alert

Altman Flags Looming AI Fraud Crisis

July 24, 2025
Interlock Ransomware Threat Alert

XSS Forum Admin Arrested in Kyiv

July 24, 2025
Interlock Ransomware Threat Alert

Google OSS Rebuild Exposes Malicious Code

July 24, 2025

Latest Alerts

CastleLoader Uses Clickfix on Windows

Sophos, SonicWall Patch Critical RCE Bugs

Koske Malware Hides in Panda Images

Interlock Ransomware Threat Alert

GitLab Patches Key Vulnerabilities

Backdoor Found in WP Plugins

Subscribe to our newsletter

    Latest Incidents

    Hackers Target Amazon’s AI Code Bot

    APTs Use Fake Dalai Lama Apps to Spy

    Infostealer Hidden in Steam Game

    Data Breach Affects 340K Jobseekers

    Hackers Use Ransomware on SharePoint Servers

    Beluga Vodka Ransomware Attack Reported

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial