Cybercrime to cost Germany 206 billion euros in 2023, survey finds
www.reuters.com
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.
  • Showroom7561@lemmy.ca
    1·
    1 year ago

    Do cybercriminals ever get caught or what?

    If so, drain every asset they own to help cover these costs. Also, throw them in jail in proportion to the amount of damage they caused and who their target was.

    • HamalaKarris@feddit.de
      1·
      1 year ago

      A LOT of cyber criminals never get caught, and on top of that they usually live in a different country, so even if they get caught there’s no way for the german state of ever accessing their assets.

      • Showroom7561@lemmy.ca
        1·
        1 year ago

        Wouldn’t interpol be the ones to get involved catching these guys?

        I mean, if Germany is losing 200 billion, they should be able to invest a few billion to really step up efforts to catch these guys.

        Either way, not doing anything is going to bankrupt the country if this continues.

  • AutoTL;DR@lemmings.worldBEnglish
    0·
    1 year ago

    This is the best summary I could come up with:

    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.

    The original article contains 270 words, the summary contains 151 words. Saved 44%. I’m a bot and I’m open source!