Global Cybersecurity Outlook 2025
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Endnotes
1. The category of smallest organizations by annual revenue in the Global cybersecurity outlook 2024 data is <$250 million;
the category of medium is between $250 million and $5.5 billion; and the category of large is > $5.5 billion.
2. World Economic Forum. (2024, January). Global cybersecurity outlook 2024. https://www3.weforum.org/docs/
WEF_Global_Cybersecurity_Outlook_2024.pdf.
3. World Economic Forum. (2024, January 10). Global risks report 2024. https://www.weforum.org/publications/
global-risks-report-2024/.
4. World Economic Forum. (2024, October). Chief risk officers outlook: October 2024. https://www.weforum.org/
publications/chief-risk-officers-outlook-october-2024/#:~:text=Chief%20risk%20officers%20are%20
most,anticipating%20volatile%20conditions%20has%20increased.
5. Ibid.
6. Fung, B. (2024). We finally know what caused the global tech outage – and how much it cost. CNN.
https://edition.cnn.com/2024/07/24/tech/crowdstrike-outage-cost-cause/index.html.
7. Dor, D. (2024, October 22). We must reduce complexity to ensure strong cybersecurity. Here’s why. World Economic
Forum. https://www.weforum.org/stories/2024/10/strong-cybersecurity-reduce-complexity-risk-cyber/.
8. National Cyber Security Centre. (2024, January 24).The near-term impact of AI on the cyber threat assessment.
https://www.ncsc.gov.uk/report/impact-of-ai-on-cyber-threat.
9. Europol. (2024, April 18). International investigation disrupts phishing-as-a-service platform LabHost. https://www.europol.
europa.eu/media-press/newsroom/news/international-investigation-disrupts-phishing-service-platform-labhost.
10. United Nations Office on Drugs and Crime. (2023, September). Casinos, cyber fraud, and trafficking in persons
for forced criminality in Southeast Asia. https://www.unodc.org/roseap/uploads/documents/Publications/2023/TiP_
for_FC_Policy_Report.pdf.
11. BBC. (2024, August 23). China scam run from Isle of Man. https://www.bbc.com/news/articles/cz6x1ql1yelo.
12. Rogers, S. (2024, November 7). International scammers steal over $1 trillion in 12 months in global state of scams report
2024. Global Anti-Scam Alliance. https://www.gasa.org/post/global-state-of-scams-report-2024-1-trillion-stolen-in-12-
months-gasa-feedzai.
13. BBC. (2024, June 14). Hospitals cyber attack impacts 800 operations. https://www.bbc.com/news/articles/cd11v377eywo.
14. United Nations Office on Drugs and Crime. (2024). Transnational organized crime and the convergence of cyber-enabled
fraud, underground banking and technological innovation in Southeast Asia: A shifting threat landscape.
https://www.unodc.org/roseap/uploads/documents/Publications/2024/TOC_Convergence_Report_2024.pdf .
15. Accenture. (2024, July 30). Beyond the illusion – unmasking the real threats of deepfakes. https://www.accenture.com/
us-en/blogs/security/beyond-illusion-unmasking-real-threats-deepfakes.
16. Antoniuk, D. (2024, April 23). Russian hackers target 20 energy facilities in Ukraine amid intense missile strikes.
The Record by Recorded Future. https://therecord.media/russian-hackers-target-energy-facilities-ukraine.
17. Cybersecurity and Infrastructure Security Agency. (2024, February 23). Top cyber actions for securing water systems.
https://www.cisa.gov/resources-tools/resources/top-cyber-actions-securing-water-systems.
18. CNN. (2024, October 8). American Water, the largest water utility in US, is targeted by a cyberattack.
https://edition.cnn.com/2024/10/08/business/american-water-cyberattack-hnk-intl/index.html.
19. Sebouai, L. (2024, July 12). AI, cyber-attacks and amateur experiments threaten to upend global biosecurity,
WHO warns. The Telegraph. https://www.telegraph.co.uk/global-health/terror-and-security/ai-cyber-attacks-and-amateur-
experiments-threaten-to-upend/.
20. World Health Organization. (2024). Laboratory biosecurity guidance. https://iris.who.int/bitstream/hand
le/10665/377754/9789240095113-eng.pdf?sequence=1.
21. Stawiska, Z. (2024, July 11). Biosecurity guide warns of risks from AI, cyber-attacks, and amateur experiments. Health Policy
Watch. https://healthpolicy-watch.news/biosecurity-guide-warns-of-risks-from-ai-cyber-attacks-and-amateur-experiments/.
22. National Cybersecurity Center of Excellence (NCCoE). (n.d.). Cybersecurity and privacy for genomic data.
National Institute of Standards and Technology (NIST). Retrieved December 5, 2024, from https://www.nccoe.nist.gov/
projects/cybersecurity-and-privacy-genomic-data.
23. Sanger, D. E., et al. (2024, November 22). Emerging details of Chinese hack leave US officials increasingly concerned.
The New York Times https://www.nytimes.com/2024/11/22/us/politics/chinese-hack-telecom-white-house.html.
24. Poirier, C. (2024, October). Hacking the cosmos: Cybersecurity in space (Cyber Reports 2024, 10). Center for Security
Studies, ETH Zurich. https://ethz.ch/content/dam/ethz/special-interest/gess/cis/center-for-securities-studies/pdfs/cyber-
reports-2024-10-hacking-the-cosmos.pdf.
25. Astier, H., & Kirby, P . (2024, November 19). Germany suspects sabotage over severed undersea cables in Baltic.
BBC News. https://www.bbc.com/news/articles/c9dl4vxw501o.
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