Mastercard predicts $17T cyberattack costs by 2028

Mastercard Global Fintech expects the cost of damages resulting from cyberattacks to reach $17 trillion by 2028. The company is expanding its investments in Saudi Arabia, particularly in the cybersecurity and emerging fintech sectors, with the aim of addressing cyber threats and enhancing trust in the digital ecosystem. Additionally, over the past seven years, the company has invested more than $10.7 billion in cybersecurity innovations and has opened a cyber resilience center in collaboration with Saudi entities, with the goal of protecting customers and reducing digital risks.

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