Cybercrime costs in the United States reached an estimated 452.3 billion U.S. dollars in 2024. Between 2017 and 2024, this figure has seen a significant increase. According to the latest estimates, this dynamic will continue in upcoming years, reaching approximately 1.82 trillion U.S. dollars in cybercrime costs by 2028.

The annual costs of cybercrime in Italy reached an estimated 66 billion U.S. dollars in 2023. Between 2016 and 2023, this figure has seen a significant increase of over 60 billion U.S. dollars. According to the latest estimates, this trend will continue in upcoming years, reaching 175 billion U.S. dollars in cybercrime costs by 2026 in the country.

The global indicator 'Estimated Cost of Cybercrime' in the cybersecurity market was forecast to continuously increase between 2024 and 2029 by in total 6.4 trillion U.S. dollars (+69.41 percent). After the eleventh consecutive increasing year, the indicator is estimated to reach 15.63 trillion U.S. dollars and therefore a new peak in 2029. Notably, the indicator 'Estimated Cost of Cybercrime' of the cybersecurity market was continuously increasing over the past years. Ransomware and manufacturing industry Cyberattacks remain a significant challenge for organizations worldwide, sectors such as manufacturing, finance, and insurance were the most affected by these attacks. Among the various types of cyber threats, ransomware was the most frequently detected, accounting for around 70 percent of all incidents. The manufacturing industry, in particular, faced the highest number of ransomware attacks, making it the most targeted sector globally. Cybersecurity awareness and investments Organizations worldwide became increasingly aware of the dangers posed by cyberattacks, approximately 40 percent of internet users became familiar terms such as with "ransomware." In response to these threats, companies invested more in cybersecurity. In 2024, the average annual increase in IT security budgets was expected to reach 5.7 percent. In fact, for companies worldwide, enhancing the cyber resilience of their cybersecurity teams was the top spending priority in 2023.

As of 2024, the average cost of a data breach in the United States amounted to **** million U.S. dollars, down from **** million U.S. dollars in the previous year. The global average cost per data breach was **** million U.S. dollars in 2024. Cost of a data breach in different countries worldwide Data breaches impose a big threat for organizations globally. The monetary damage caused by data breaches has increased in many markets in the past decade. In 2023, Canada followed the U.S. by data breach costs, with an average of **** million U.S. dollars. Since 2019, the average monetary damage caused by loss of sensitive information in Canada has increased notably. In the United Kingdom, the average cost of a data breach in 2024 amounted to around **** million U.S. dollars, while in Germany it stood at **** million U.S. dollars. The cost of data breach by industry and segment Data breach costs vary depending on the industry and segment. For the fourth consecutive year, the global healthcare sector registered the highest costs of data breach, which in 2024 amounted to about **** million U.S. dollars. Financial institutions ranked second, with an average cost of *** million U.S. dollars for a data breach. Detection and escalation was the costliest segment in data breaches worldwide, with **** U.S. dollars on average. The cost for lost business ranked second, while response following a breach came across as the third-costliest segment.

The estimated cost of cybercrime in the cybersecurity market in Indonesia was modeled to amount to 5.51 billion U.S. dollars in 2024. Following a continuous upward trend, the estimated cost of cybercrime has risen by 2.85 billion U.S. dollars since 2016. Between 2024 and 2030, the estimated cost of cybercrime will rise by 1.99 billion U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Cybersecurity.

Cybercrime costs in Canada reached an estimated 3.82 billion U.S. dollars as of 2023. Between 2017 and 2023, this figure gradually increased. According to the latest estimates, this dynamic will continue in upcoming years, reaching approximately 4.78 billion U.S. dollars in cybercrime costs by 2028.

Cybercrime costs in the United Kingdom (UK) reached an estimated 51.81 billion U.S. dollars in 2024. Between 2017 and 2024, this figure has seen a significant increase. According to the latest estimates, this dynamic will continue in upcoming years, reaching approximately 98 billion U.S. dollars in cybercrime costs by 2028.

The cost of internet crimes reached *** billion U.S. dollars in 2022. Over the coming years, the impact of cybercrime would continue to increase. According to the forecasts, the costs were projected to reach *** trillion U.S. dollars by 2028.

In 2023, it took three days on average for the occurrence to the discovery of cyber incidents in the companies in the United States. In most cases, companies reacted quickly, by taking the cyber attack under control. Further on, it took the organizations 33 days on average to complete the forensic investigation of the attacks. The longest the companies needed, was the time to notify about the cyber incident, which took 60 days on average.

As of February 2025, the United States ranked first by the average cost of a data breach, ***** million U.S. dollars. The average cost of data breaches in the Middle East was **** million U.S. dollars. Benelux followed in the ranking, with **** million U.S. dollars. In the measured period, the global average data breach cost was **** million U.S. dollars. Phishing scams in the U.S. Breached data often ends up in the hands of threat actors who use it for malicious purposes, including online scams. Phishing continues to be a major threat in North America, particularly on smartphones. In the second quarter of 2023, the region recorded the highest number of phishing and malicious attack attempts globally. The United States was particularly affected, with ** percent of U.S. citizens reporting being targeted by scam texts, e-mails, and calls on a daily basis. Additionally, phishing and spoofing were the most common types of cybercrime, impacting *** thousand individuals in 2023. These attacks led to financial losses, with U.S. victims reporting nearly ** billion U.S. dollars in damages throughout the year. U.S. users and data privacy Despite only ** percent of internet users in the United States being highly knowledgeable about data privacy and cybersecurity, a significant portion of users demonstrated caution and awareness in protecting their information. In fact, over half of surveyed U.S. users reported being somewhat confident in knowing the right steps to take in the event of a cyberattack. Furthermore, ** percent of U.S. users actively decline cookies on websites, reflecting their increasing concern for data protection. Many respondents also take additional steps to safeguard their digital privacy, such as limiting or avoiding clicking on ads as well as not answering phone calls due to cybersecurity risks.

Annual costs of cybercrime in France reached an estimated 129 billion U.S. dollars in 2024. Between 2016 and 2023, this figure has seen a significant increase of over 88 billion U.S. dollars. According to the latest estimates, this dynamic will continue in upcoming years, reaching 419 billion U.S. dollars in cybercrime costs by 2028.

As of 2024, the average cost of a data breach in the financial industry worldwide was 6.08 million U.S. dollars, up from 5.90 U.S. dollars in 2024. The global average cost of a data breach across all studied industries was 4.88 million U.S. dollars.

In 2024, the monetary damage caused by cybercrime reported to the United States' Internet Crime Complaint Center (IC3) saw a year-over-year increase, amounting to a historical peak of 16.6 billion U.S. dollars. Overview of cybercrime in the U.S. Cybercrime continues to be one of the biggest challenges for governments around the world. In the United States, phishing, spoofing and extortion were among the most reported categories of cybercrime in 2024, with over 193,000 individuals falling victim to phishing attacks. Additionally, data breaches cost the U.S. organizations over nine million U.S. dollars on average as of February 2024. Fraud involving elderly Along with other reported internet crimes, online fraud is continuously growing. Targeting one of the most vulnerable groups, the elderly, cybercriminals show notorious skills in phishing, spoofing, tech support, and cryptocurrencies scams. Furthermore, individuals aged 60 and older, reported falling victims of extortion and personal data breach in 2024.

In 2023, the average budget allocated to cyber security amounted to 26.8 million U.S. dollars in the United Kingdom and to 27.3 million U.S. dollars in the United States. The average cyber security budget has gradually increased in both countries in recent years.

The number of cyber-dependent crime incidents in the United Kingdom (UK) has increased between the fourth quarter of 2022 and the second quarter of 2023. In the most recently measured period, 8,106 such incidents were reported in the market, up from 6,030 cases in the fourth quarter of 2022.

Between the fourth quarter of 2022 and the second quarter of 2023, the monetary losses caused by cyber-dependent crime in the United Kingdom (UK) fluctuated. In the first quarter of 2023, the loss amount was 1.8 million GBP, up from 1.3 million GBP in the fourth quarter of 2022. In the second quarter of 2023, the amount of losses due to cybercrime incidents decreased again, totaling 1.1 million GBP.

As of January 2024, around nine in ten businesses in the United Kingdom (UK) stated having experienced a phishing attack in the past year. A further 10 percent said they had experienced hacking incidents. Additionally, around two percent reported experiencing viruses, spyware, or malware attacks.

A September 2023 survey of American adults found that three in 10 respondents had experienced financial fraud or cybercrime. Individuals between 35 and 54 years were more often targeted by financial cybercrime, with 36 percent stating so. Among the younger generation, individuals between 18 and 34 years, this share was lower, 22 percent.

According to a 2023 survey among board members of worldwide organizations, approximately 95 percent of companies in Canada were at risk of a material cyberattack. The majority of board members in Singapore, 89 percent, thought their companies were at such risk within the following 12 months. Japanese companies ranked third, with 84 percent of board members seeing a risk of a material cyber attack in the next year.

A survey conducted in the United Kingdom (UK) from September 2023 to January 2024 found that around 13 percent of businesses that had identified a data breach incident or a cyberattack in the preceding 12 months had seen at least one outcome after the incident. The most common were the situations where the website or online services were taken down or made slower and the temporary loss of access to files or networks.