The cost to the global economy is supposedly € billion. More than half the businesses in Germany (53%) have fallen prey to cyberattacks in the past two years. One in six businesses (17%) had sensitive digital data stolen during this period, with the attackers primarily getting their hands on e-mails (41%) or financial data (36%).
These facts should be a reminder for German businesses to boost their cybersecurity. It goes without saying that these facts are also spurring us at Bundesbank to ramp up our efforts in securing our own systems.