Chinese and Russian spies stepping up cyberattacks, German companies report
Bitkom survey finds nearly 40% of attacked German companies attribute incidents to foreign intelligence services, mainly China and Russia, costing up to $240B.
A Bitkom survey of 1,003 German companies with at least 10 employees found nearly four in 10 firms hit by data theft, espionage, or sabotage attributed at least one incident to a foreign intelligence service, up from 28% last year and 7% in 2023. China was the most cited source, named by more than half of affected companies, followed by Russia and Iran at roughly one in ten. Bitkom estimated cyberattacks cost German businesses $186-240 billion over the past year, with ransomware the most common attack type, affecting one in four companies. Recent incidents cited include breaches at Lidl, billing provider Unimed, and the Dresden State Art Collections.