Cybercrime Is Costing the World Trillions Every Year, New Report Says Victims Lose an Average of Nearly $10,000 in Every Hit
TechRadar Pro, Friday, August 7th, 2026
A new report puts global cybercrime damage in the trillions annually, with roughly $10,000 lost per incident.
A recent report highlights the escalating financial impact of cybercrime worldwide, with victims suffering substantial losses per incident. The data indicates individual victims lose an average of nearly $10,000 in each attack.
The cumulative effect represents trillions of dollars in damages annually across the global economy. The figures underscore the growing threat posed by cybercriminals and the need for stronger security measures and awareness.