07 Oct Cybersecurity Awareness Month 2026: Cybercrime Costs The World $20M Per Minute
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This week in cybersecurity from the editors at Cybercrime Magazine
Sausalito, Calif. – Oct. 7, 2026
October is Cybersecurity Awareness Month. CAM was established in 2004 by the U.S. Department of Homeland Security and the National Cybersecurity Alliance.
There are many reasons to raise awareness around the growing cyber threat. Chief among them is the cost of cybercrime to consumers, businesses and governments globally.
In the time it takes you to read this blog post, one minute for the average reader, cybercrime is predicted to cost the world $20.5 million, according to Cybersecurity Ventures.
If it were measured as a country, then cybercrime, predicted to cost the world $10.8 trillion USD (annually) in 2026, would be the world’s third largest economy after the U.S. and China.
This represents the greatest transfer of economic wealth in history, risks the incentives for innovation and investment, is exponentially larger than the damage inflicted from natural disasters in a year, and will be more profitable than the global trade of all major illegal drugs combined.
This October, the National Cybersecurity Alliance encourages you to make life more difficult for cybercriminals. If you listen, then it will lower your cybercrime bill!
Cybercrime Magazine is Page ONE for Cybersecurity. Go to any of our sections to read the latest:
- SCAM. The latest schemes, frauds, and social engineering attacks being launched on consumers globally.
- NEWS. Breaking coverage on cyberattacks and data breaches, and the most recent privacy and security stories.
- HACK. Another organization gets hacked every day. We tell you who, what, where, when, and why.
- VC. Cybersecurity venture capital deal flow with the latest investment activity from various sources around the world.
- M&A. Cybersecurity mergers and acquisitions including big tech, pure cyber, product vendors and professional services.
- BLOG. What’s happening at Cybercrime Magazine. Plus the stories that don’t make headlines (but maybe they should).
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