Cyber Attacks Are Making Work-From-Home Expensive for Businesses

Working from home during the pandemic cost German companies some 53 billion euros ($62 billion) worth of damages from cyber attacks, according to estimates by the Cologne Institute for Economic Research.

Overall damages hit a record 224 billion euros 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.

“Too often there were no company laptops, no training courses and no security concepts,” Engels said. She reckons the actual number of damages ...