This represents the greatest transfer of economic wealth in history, risks the incentives for innovation and investment, is exponentially larger than the damage inflicted from natural disasters in a year, and will be more profitable than the global trade of all major illegal drugs combined. ![]() and China.Ĭybersecurity Ventures expects global cybercrime costs to grow by 15 percent per year over the next five years, reaching $10.5 trillion USD annually by 2025, up from $3 trillion USD in 2015. If it were measured as a country, then cybercrime - which is predicted to inflict damages totaling $6 trillion USD globally in 2021 - would be the world’s third-largest economy after the U.S. ![]() ![]() Special Report: Cyberwarfare In The C-Suite.
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