Cybercrime Losses Could Reach $14 Trillion by 2028

German reinsurer Munich Re estimates global cybercrime losses could reach $14 trillion by 2028.

The figure exceeds the combined GDP of several major economies.

Ransomware attacks increased by nearly 50% last year and continue to rise in 2026.

Cybercrime has evolved into a structured industry offering services to new entrants.

Attack tools now include deepfakes, voice cloning, and synthetic identities.

Governments and industrial sectors remain the most targeted.