[pirocks]

> By 2025 cyber-security will cost the world about $10.5 trillion per annum, and a significant amount of that

That's a lot of money. A quick google search points to this: https://cybersecurityventures.com/cybercrime-damages-6-trill... but I'm not sure that's the same as the claim. Source?

[nonrandomstring]

A dizzying extrapolation indeed. From my notes here:

2011: Europe 27bn UK Detica et al., 2011

2015: Global $400bn Center of Strategic and International Studies

2019: US growth 17% BRC Crime Survey 2019

2021: Global 1tn Barclay Ballard

2021: Global $5tn Cyber Security Ventures

2022 growth looks like between 20 and 30 percent!

2022 Global 10.5tn by 2025 Cybersecurity Ventures claim

Looks like an exagerated/pessimistic claim based on a growth of over 20%

Sources:

2016 Estimating the costs of consumer-facing cybercrime: A tailored instrument and representative data for six EU countries (Riek and Bohme)

2019 Measuring the Changing Cost of Cybercrime (Anderson et al)