BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Financial Sector Faces Escalating Cyber Threats as Global Cybercrime Costs Projected to Hit $13.8 Trillion
Financial Sector Faces Escalating Cyber Threats as Global Cybercrime Costs Projected to Hit $13.8 Trillion
12
3
BTCCSquare news:
The financial services sector remains the prime target for cybercriminals, with breaches costing firms an average of $6.08 million—22% higher than the global cross-industry average. The sophistication of attacks mirrors a parallel criminal economy, leveraging advanced technology and business models to exploit high-value targets.
As cybercrime costs surge from $9.22 trillion in 2024 to a projected $13.82 trillion by 2028, institutions must shift from risk management to active defense. The stakes are existential: complacency invites catastrophe in an era where malicious actors operate with industrial efficiency.
By:
