Global Cyberattack Losses to Reach $10.5 Trillion Annually by 2025, Expert Warns

The global financial damage caused by cyberattacks is expected to hit $10.5 trillion per year by 2025, prompting companies and governments to significantly boost their cybersecurity investments, according to a cybersecurity expert.

Senad Aruc, founder and CEO of Imperum, a Netherlands-based security operations firm, told Anadolu Agency that while the cybersecurity sector is growing rapidly, cyber threats are also becoming more advanced and expensive.

“Cybersecurity investments are not just costs—they are essential,” Aruc said. He pointed to IBM’s 2023 report, which showed that the average cost of a data breach is $4.45 million. “Every dollar spent on cybersecurity can help avoid much larger losses in the future,” he added.

The rise of digital technologies around the world has made cybersecurity one of the fastest-growing industries. Cyberattacks such as ransomware, data breaches, and disruptions to critical infrastructure now pose serious threats not only to businesses but also to national and public safety.

Aruc emphasized that raising awareness and preparing employees is just as important as using advanced technology. “AI-powered solutions are gaining popularity, but user behavior remains a major factor in keeping systems secure,” he said.

He highlighted the April 2025 cyberattack on UK-based retailer Marks & Spencer, which led to a market value loss of $931.2 million. He also mentioned the 2017 NotPetya attack, which affected global shipping company Maersk and caused more than $10 billion in damages.

“Cyberattacks on critical infrastructure can cause a ripple effect,” Aruc explained. “They can disrupt supply chains, hurt partners and clients, and even impact national economies.”

He concluded by stating that cybersecurity should no longer be considered just an IT expense. Instead, it must be treated as a key part of a company’s risk management and long-term planning.

Source: Cybersecurity Ventures