$8T in estimated unspecified cybercrime costs (“The global annual cost of cybercrime is predicted to reach $8 trillion annually in 2023” with no citation of who is doing the estimation)
It appears to me that the report is intended to enable the collection of business email addresses as the top of a sales funnel, as evidenced by the fact that you need to provide your name, company name, role, and a business email address to download the report. As such, I wouldn’t take any of their numbers particularly seriously—I doubt they do.
As a sanity check, $8T / year in cybercrime costs is an average annual cost of $1,000 per person annually. This is not even remotely plausible.
Looking at the eSentire / Cybersecurity Ventures 2022 Cybercrime Report that appears to be the source of the numbers Google is using, I see the following claims:
$8T in estimated unspecified cybercrime costs (“The global annual cost of cybercrime is predicted to reach $8 trillion annually in 2023” with no citation of who is doing the estimation)
$20B in ransomware attacks in 2021 (source: a Cybersecurity Ventures report)
$30B in “Cryptocrime” which is e.g. cryptocurrency scams / rug pulls (source: another Cybersecurity Ventures report)
It appears to me that the report is intended to enable the collection of business email addresses as the top of a sales funnel, as evidenced by the fact that you need to provide your name, company name, role, and a business email address to download the report. As such, I wouldn’t take any of their numbers particularly seriously—I doubt they do.
As a sanity check, $8T / year in cybercrime costs is an average annual cost of $1,000 per person annually. This is not even remotely plausible.