The cost of cybercrime will reach 11.2 trillion euros per year in 2025.
Cybercrime is evolving rapidly thanks to artificial intelligence.
Today, cybercriminals target citizens and businesses around the world with sophisticated techniques and hard-to-detect scams that can fool even experienced executives.
Overall, it is estimated that the cost of cyberattacks in 2025 will exceed $10 trillion (€9.3 trillion).
Christos Xenakis, professor of cybersecurity, explains how artificial intelligence helps criminals develop complex and imaginative scenarios to deceive their victims.
Personalized attacks involve cybercriminals using video and audio publicly available online to imitate a person’s face and voice. These fake products are then used to make online video calls and request money from family or business partners.
Individuals lose $318 billion (€295 billion) every year to cybercrime. More than 71 million people are victims of it each year.
The average cost of an SMB data breach can range from $120,000 to $1.24 million (€110,000 to €1.15 million).
“All users of electronic payment methods should know certain basic principles. For example, do not easily click on links sent to us, try to verify the sender“, urges Nikolaos Kurogenis, professor of banking and financial management at the University of Piraeus.
Often, e-mail addresses are easily forged, so organizations, for example banks, must send special instructions to their customers to warn them that they do not use such techniques”, Nikolaos Kurogenis, professor of banking and financial management, University of Piraeus.
The global cost of cyberattacks against businesses and ordinary citizens increases by 15% each year.