Ransomware , Privacy Cybercrime victims lose an average of $9,468, with global toll exceeding $1.24 trillion August 5, 2026 Share By SC Staff (Adobe Stock) New figures reveal that cybercrime victims are losing an average of $9,468 per incident, highlighting the escalating global scale of this problem. The report from Comparitech estimates that 130.9 million individuals are affected annually, leading to a staggering total global loss of over $1.24 trillion, as first reported by Tech Radar. The United States leads in victim losses, with an average of approximately $20,731 per victim, significantly higher than the global average. Other countries like Spain, France, Sweden, and Turkey report average losses around $10,000 per victim. Russia, despite a higher number of victims, shows a lower per-victim loss of $3,659, potentially influenced by policy decisions and localized applications. India reports the highest number of scam victims globally at 18.8 million, but with a much lower average loss of about $835 per victim, likely due to its lower GDP per capita. China, with 1.2 million victims, reports losses in line with global estimates, possibly due to strict enforcement against cybercriminals. Comparitech's $1.24 trillion figure is considered conservative, with experts anticipating the global cost to reach $10.5 trillion in 2025. The rise of AI presents a dual threat, enhancing both cybersecurity measures and the sophistication of cybercriminal attacks, making the financial impact of cybercrime increasingly significant. Source: Tech Radar An In-Depth Guide to Ransomware Get essential knowledge and practical strategies to protect your organization from ransomware attacks. Learn More SC Staff Related Malware 77 malicious extensions found on Open VSX marketplace SC Staff August 5, 2026 Seventy-seven malicious extensions impersonating legitimate developer tools were discovered on the Open VSX marketplace, transmitting system and development environment information. Malware AI-driven cybercrime surges in Africa, accounting for 55% of reported digital crime SC Staff August 5, 2026 AI-driven cybercrime now constitutes 55% of all reported digital crime in Africa, according to a new report from Interpol. Black Hat Data breaches don’t doom most small businesses, researcher finds Paul Wagenseil August 5, 2026 Despite scary made-up statistics, most small- and medium businesses beat data breaches. Related Events Cybercast Ransomware reloaded: Finding resilience when attackers wield AI On-Demand Event Virtual Conference Ransomware Resilience: Strategies to Defend, Mitigate, and Recover On-Demand Event Get daily email updates SC Media's daily must-read of the most current and pressing daily news Business Email By clicking the Subscribe button below, you agree to SC Media Terms of Use and Privacy Policy . Subscribe Related Terms Anonymization Authenticity Basic Authentication Biometrics Challenge-Handshake Authentication Protocol (CHAP) Digest Authentication Digital Certificate Discretionary Access Control (DAC) Geolocation Identity Theft You can skip this ad in 5 seconds