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BusinessWorld March 8, 2021 | 12:03 am PHILIPPINE BUSINESS GROUPS on Sunday said the impact of cybercrime could hit $6 trillion this year and up to $10.5 trillion annually by 2025, as the use of online platforms for financial transactions continues to grow. The shift to online platforms “gave rise to heightened activity by cybercriminals,” the business groups said in an e-mailed joint statement. “As reported by Cybersecurity Ventures, the impact of cybercrime is expected to reach $6 trillion in 2021 and rise to $10.5 trillion annually by 2025,” they said. At least 25 groups, including the Bankers Association of the Philippines, American Chamber of Commerce of the Philippines, British Chamber of Commerce of the Philippines, Canadian Chamber of Commerce of the Philippines, and the Chamber of Thrift Banks, signed the joint statement.

United statesUnited kingdomArjayl balinbinBankers association of the philippinesAmerican chamberCanadian chamberCybercrime groupPhilippine national police antiBritish chamberCybersecurity venturesBankers associationThrift banksPhilippine national police anti cybercrime groupஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்வங்கியாளர்கள் சங்கம் ஆஃப் தி பிலிப்பைன்ஸ்