Cyber crime expected to cost businesses $10.5 trillion by 2025

According to a new report from U.K.-based Beazley PLC, the economic impact of cyber crime on businesses across the world is continuing to reach new levels, with the cost expected to reach $10.5 trillion by 2025, Reinsurance News reported. The report highlighted key areas such as ransomware and other cyber-attacks to the threats posed by AI.