A volunteer group of analysts and experts, the Computer Crime Research Center (CCRC), predicts that the cost of cybercrime will reach $12 trillion by 2025. This projection, although higher than the previous estimate of $10.5 trillion by Cybersecurity Ventures, seems plausible based on consistent growth in cyberattacks and ransomware.
Despite businesses embracing AI, the CCRC cautions that its deployment by cybercriminals may erode the benefits accrued through its adoption, emphasizing the inadequacy of static defence mechanisms against dynamic AI-driven attacks.
