Cybercrime Costs to Reach $10.5 Trillion by 2025; UK and Brazil Face Major Financial Losses, Including R$ 40 Billion

A new report highlights the significant financial impact of cybercrime and cyberattacks globally and in specific regions. According to projections, cybercrime is expected to cost the world $10.5 trillion annually by 2025, making it the third-largest economy globally if measured as a country. In the UK, businesses have lost approximately £44 billion in revenue over the past five years due to cyberattacks, with over half of private sector firms experiencing at least one incident. Advocacy groups, such as the Cyber Helpline, criticize the UK government for failing to adequately support victims of cybercrime. Additionally, cyberattacks in Brazil have a potential impact of nearly R$ 40 billion.