The Rising Cost of Cyber Crime: $8 Trillion Impact on the World Economy in 2023!

The Rising Cost of Cyber Crime: $8 Trillion Impact on the World Economy in 2023!

In this video, we delve into the alarming estimates provided by Sub-Security Ventures, a trusted cyber crime magazine and an invaluable resource. Brace yourselves as we uncover the staggering projection that cyber crime will cost the world economy a staggering $8 trillion in 2023, up from $6 trillion just a few years ago. That's an average increase of a trillion dollars annually! But here's the shocking truth: while the cost of cyber crime skyrockets, our investment in protection organizations, whether public or private, between 2021 and 2025 is predicted to be a mere $1.75 trillion. Join us to explore the enormous gap between what cyber crime costs us and what we are spending to defend against it. Don't miss out on this eye-opening discussion!

Watch the full video "Defence in Depth: Strengthening your Cyber Security Strategy"

Connect with your host James Rees

Hello, I am James Rees, the host of the Razorwire podcast. This podcast brings you insights from leading cyber security professionals who dedicate their careers to making a hacker’s life that much more difficult.

Our guests bring you experience and expertise from a range of disciplines and from different career stages. We give you various viewpoints for improving your cyber security – from seasoned professionals with years of experience, triumphs and lessons learned under their belt, to those in relatively early stages of their careers offering fresh eyes and new insights.

With new episodes every other Wednesday, Razorwire is a podcast for cyber security enthusiasts and professionals providing insights, news and fresh ideas on protecting your organisation from hackers.

For more information about us or if you have any questions you would like us to discuss email

If you need consultation, visit, We give our clients a personalised, integrated approach to information security, driven by our belief in quality and discretion.

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