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flag Cybercrime costs projected at $10.5 trillion globally in 2025, fueled by AI and ransomware, prompting Australia to mandate 72-hour ransom reporting.

flag Cybercrime is projected to cost $10.5 trillion globally in 2025, driven by ransomware-as-a-service platforms and AI-powered attacks. flag Ransomware groups use double and triple extortion tactics, leveraging cryptocurrency and dark web marketplaces to evade detection. flag Australia faces heightened risk, with major breaches at Medibank and Latitude Financial. flag In response, Australia will require ransom payments to be reported within 72 hours starting May 30, 2025, part of broader global efforts to disrupt cybercriminal financing.

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