Economic Impact: Global cybercrime costs are predicted to reach $10.5 trillion annually by 2025, up from $3 trillion in 2015. This represents a 15% year-over-year increase and marks the greatest transfer of economic wealth in history, exceeding damages from natural disasters and the global trade of all major illegal drugs combined​.

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Ransomware Attacks: By 2021, it was estimated that a ransomware attack would occur every 11 seconds, causing global damages projected to reach $20 billion. Ransomware remains one of the fastest-growing and most damaging types of cybercrime.

Data Breaches: The average cost of a data breach in 2020 was $3.86 million. Organizations are not only losing money but also facing significant reputational damage and loss of consumer trust

Healthcare Sector: The healthcare industry is particularly vulnerable, with ransomware attacks posing risks to patient safety. In 2020, a ransomware attack led to the death of a patient in Germany due to delayed medical treatment​.

Small to Medium-Sized Enterprises (SMEs): SMEs are increasingly targeted by cybercriminals due to their often weaker security measures. The average cost of a cyber attack on an SME was estimated to be $1.24 million in 2019, making cybersecurity a critical investment for smaller businesses.

Low Prosecution Rates: The likelihood of cybercrime detection and prosecution is alarmingly low, estimated at only 0.05% in the U.S. This low rate emboldens cybercriminals and highlights the need for stronger cybersecurity measures and international cooperation.