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Wire · market

Cybersecurity Ventures and World Economic Forum On The Global Cost of Cybercrime

21 August 2026 · By · Wire by Fusion42

Published

21 August 2026

Topic

market

◆ Sectors

Cybersecurity

◆ Source

Read at cybersecurityventures.com →

◆ Verified

Fusion42 · 21 August 2026 · Fusion42 review

Cybersecurity Ventures and the World Economic Forum report that global cybercrime costs are projected to reach $12.2 trillion by 2031, driven by increasingly sophisticated fraud techniques leveraging AI and social engineering to target organisations.

This Wire brief sits within Fusion42's coverage of Cybersecurity.

◆ ◆ The Wire takeaway

Cybercrime just became a trillion-dollar drag on the global economy, and fast-evolving AI scams are outpacing many defences. You must rethink your risk and insurance strategies because old tricks now cost far more with new tech.

◆ Coverage

1 source · 21 Aug 2026

◆ Related on Wire

◆ Topics

Cybersecuritycybercrimefraudai-driven-attackssocial-engineeringcybersecurity-costs