31 Jan Cybercrime Will Cost The World $1 Trillion USD Per Month By 2031
This week in cybersecurity from the editors at Cybercrime Magazine
–View the Cybercrime Damage Cost Chart
Sausalito, Calif. – Jan. 31, 2025
The latest cybercrime damage cost predictions from Cybersecurity Ventures have been released at CybercrimeCost.com. For the first time, the figures are published in a chart (.pdf) with costs per year, month, week, hour, minute, and second, from 2015 to 2031.
The chart is designed to help reporters and journalists at media outlets to convey the past, present, and future of cybercrime for a certain time period. For instance, cybercrime will cost the world 1 trillion USD per month by 2031, up from around 1 trillion per year in 2020.
Cybercrime grew by 15 percent year-over-year from 2021 to 2025. The cybercrime growth rate from 2025 to 2031 is predicted to slow to 2.5 percent, similar to a large country GDP growth rate. Cybersecurity product innovation and maturity, AI tools, and other factors contribute to the slower cybercrime growth rate – which nonetheless remains one of the greatest threats to humanity.
“If it were measured as a country, then cybercrime would be the world’s third largest economy, behind the U.S. and China,” says Steve Morgan, founder of Cybersecurity Ventures and Editor-in-Chief at Cybercrime Magazine.
Cybersecurity Ventures will follow up later in Q1 with supportive information around its cybercrime damage costs predictions.
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).
- PRESS. Cybersecurity industry news and press releases in real time from the editors at Business Wire.
- PODCAST. New episodes daily on the Cybercrime Magazine Podcast feature victims, law enforcement, vendors, and cybersecurity experts.
- RADIO. Tune into WCYB Digital Radio at Cybercrime.Radio, the first and only round-the-clock internet radio station devoted to cybersecurity.
Contact us to send story tips, feedback and suggestions, and for sponsorship opportunities and custom media productions.