Cybercrime to Rival U.S., China as $15.6 Trillion Force

Cybercrime is on track to rival U.S. economic output, with illicit online activity projected to generate $15.6 trillion globally by 2029. The staggering figure positions cybercrime as the world’s third-largest economy, trailing only the United States and China in scale. Experts say the rapid expansion of digital infrastructure has created new vulnerabilities, offering cybercriminals more opportunities to profit.

If this growth continues, cybercrime to rival U.S. market size will pose severe challenges for governments, businesses and consumers worldwide. Analysts warn that escalating threats could cripple sectors ranging from finance to healthcare, with attacks becoming more frequent and sophisticated. As digital transactions increase, so does the potential for exploitation.

Industry leaders are urging tighter cybersecurity measures and global cooperation to combat the surge in criminal activity. Without stronger deterrents, the economic footprint of cybercrime may soon surpass expectations.

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https://www.scworld.com/news/cybercrime-set-to-become-the-worlds-third-largest-economy