Cyberattacks are making work-from-home expensive for businesses


Home WiFi connections are typically easier to hack than company networks, and only 16% of German companies ramped up their IT security budgets during the pandemic, according to a separate survey. — AFP Relaxnews

Working from home during the pandemic cost German companies some €53bil (RM263.03bil) worth of damages from cyberattacks, according to estimates by the Cologne Institute for Economic Research.

Overall damages hit a record €22bil (RM1.11 trillion) last year, more than double the value reported in a 2019 survey. Increased remote work accounted for about a quarter of the increase, according to researcher Barbara Engels, whose calculations are based on a Bitkom survey.

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