Four Cybercrime Trends for Security Pros to Watch Now

October 25, 2023 Alex Woodie

If you’re a cybercriminal, congratulations! You’ve selected a high-growth field that’s expected to generate $14 trillion in criminal value by 2028. But that growth in digital criminality is a problem for the rest of us, who must cope with increasingly sophisticated schemes.

Cybercrime was relatively slow-growing industry, generating a mere $1.2 trillion in costs to society globally in 2019, according to Statista. But something snapped in the collective criminal mind in 2020, and cybercrime has been riding an elevated growth curve ever since. Between 2017 and 2028, Statista projects cybercrime will enjoy a 28 percent compound annual growth rate (CAGR). …