Around 80% of targeted firms have fallen victim to data theft, espionage, or sabotage, according to the German digital industry association Bitkom. Cybercrime is on the rise in Germany, with damages estimated to cost the economy €148 billion annually.

Data released by German authorities on Monday indicated a 28% increase in cyberattacks by foreign organizations in 2023, with significant activity from Russia and China.

German Interior Minister Nancy Faeser highlighted the high threat level in cybersecurity while presenting the national report on cybercrime. Bitkom managing director Bernhard Rohleder added that cyberattacks from Russia had doubled in the past two years, and those from China had increased by 50%.

Rohleder also noted that 80% of German companies targeted experienced data theft, espionage, or sabotage, causing financial damages amounting to €148 billion per year. Most of these attacks were attributed to criminal gangs or foreign intelligence services, targeting key infrastructures such as energy supplies, transport, and hospitals.

The motivations behind these cyberattacks vary. Some cybercriminals seek financial gain, while others, including private individuals, are driven by the desire to cause disruption or simply for amusement.

The report’s release comes amidst heightened concerns ahead of the European Parliament elections in June. Earlier this month, Germany accused Russia of launching cyberattacks against its defense and aerospace sectors, as well as members of the Social Democratic Party, in response to Germany's support for Ukraine.

Interior Minister Faeser emphasized Germany’s resilience, stating, "We will not be intimidated by the Russian regime. We will continue to do everything to protect our democracy from Russian cyber actions and we will continue to support Ukraine."