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On average, what is the global cybercrime cost?
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As of recent estimates, the global cost of cybercrime is projected to reach approximately $10.5 trillion annually by 2025. This figure includes costs associated with damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, fraud, post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hacked data and systems, and reputational harm.These costs have been rising significantly over the years due to the increasing frequency and sophistication of cyberattacks. It's important to note that these figures are estimates and can vary based on different sources and methodologies used to calculate them.
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