The damage will surpass the 200 billion euro mark for the third consecutive year, according to a Bitkom survey of more than 1,000 companies.
The boundaries between organised crime and state-controlled actors are blurred," Bitkom President Ralf Wintergerst said.
Around three quarters of the companies surveyed suffered digital attacks in the past 12 months, falling from 84% of the companies in the previous year.
When asked whether "cyber attacks threaten your business existence", for the first time more than half of the companies, or 52%, said "yes".
Of the companies that suffered attacks, 70% have had sensitive data stolen - an increase of 7 percentage points on the previous year.
Persons:
Bitkom, Ralf Wintergerst, Sinan Selen, Maria Martinez, Friederike Heine, Susan Fenton
Organizations:
U.S . National Security Agency, Federal Office, Thomson
Locations:
BERLIN, Germany, German