Mastercard predicts $17T in cyberattack costs by 2028

Mastercard, the global company, expects the cost of damages caused by cyberattacks worldwide to reach $17 trillion by 2028. The company is expanding its investments in Saudi Arabia, particularly in cybersecurity and the financial sector, and developing initiatives to enhance the resilience of cyberspace networks by establishing a cybersecurity resilience center in partnership with government and private entities. Additionally, Mastercard has invested approximately $10.7 billion over the past seven years in cybersecurity innovations, aimed at assessing evolving threats and protecting customers, amid increasing digital priorities among organizations in the region.

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