Security Bite: Annual cost of cybercrime to hit $9.2 trillion in 2024
Cybercrime is on an unprecedented rise. A new Statista Market Insights survey predicts that the annual cost of cyberattacks will reach $9.2 trillion this year. The figure surpasses even the revenues of some of the largest corporations in the world. More than 24 times that of Apple’s 2023 yearly revenue. This makes cybercrime one of the largest illegal economies globally.
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