When it comes to cybercrime, the stories are often told in numbers. By 2025, it is expected to cost $10.5 trillion globally. If it were a country, its economy would rank it third globally, behind only the U.S. and Chinese economies. Money raised through online fraud — from phishing to fake websites — has totaled about $1.03 trillion.
With the rise of ransomware and financial attacks on large organizations, one might think that cybercrime is only about money. Nothing could be further from the truth, CSO reports. The motivations for these crimes go beyond the economic component, although this has a significant weight.
Some studies put the percentage of attacks on governments motivated mainly by financial reasons at 95 percent of all security breaches, while others speak of 55 percent of groups acting in search of income, according to CSO.
The fact that the motivation is not financial does not mean that the effect is not equally damaging, although in terms of reputational cost, strategy, or damage to critical infrastructures.
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