Cybercrime is costing the world trillions every year - new report says victims lose an average of nearly $10,000 in…
- New study puts average cybercrime victim losses at $9,468, making a global annual toll at just over $1.24 trillion across 130.9 million victims
- Cybercrime is still massively underreported by both victims and authorities, so official numbers might be 'softer' than the underlying problem
- Some of the countries published limited, if any, financial data regarding cybercrime, making losses an estimate at best
New figures have claimed cybercrime victims lose $9,468 in the average incident, showing the scale of an increasingly global problem.
The report from Comparitech claims 130.9 million people are hit each year, and that the annual global toll comes to just over $1.24 trillion.
A December 2023 study from the company put those figures at $8,069 per victim, 88.5 million people and $714 billion in total losses respectively, highlighting a growing trend that sees a mix of illegal activity moving the needle further.
A growing problem with regional caveats
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