German companies suffer record €267 billion in damages from cyber attacks

YEREVAN, AUGUST 28, ARMENPRESS. More than 80% of German companies fell victim to data theft, industrial espionage or sabotage over the past year, with the cumulative damage caused rising by almost a third to a record €267 billion ($298 billion), according to a survey by tech lobby Bitkom, reports Bloomberg.

Some 70% of firms polled between April and June were able to attribute the attacks — both digital and analog — to organized criminal gangs, the survey of around 1,000 companies published Wednesday showed. Foreign security services were identified as the perpetrators in a fifth of cases, up from 7% in the previous year.