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Growing Threat Of Scams Hits Australia’s Not-For-Profit (NFP) Sector Hard

Summary by cybernoz.com
Mark Gaetani, National President of the St Vincent de Paul Society in Australia, recently read in Cybercrime Magazine that cybercrime is considered the world’s third-largest economy, after the U.S. and China, and that global cybercriminal activity has grown so large and expanded so rapidly, largely abetted by AI, that cybercrime is predicted to cost the world $12.2 trillion USD annually within five years (2031), according to Cybersecurity Ventur…
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Cybercrime Magazine broke the news in on Tuesday, March 17, 2026.
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