Google Issues Stark Warning: Cybercrime Losses to Hit $13.8 Trillion by 2028

Cybercrime is a new-age problem in the digital world. As we move further into the internet era, new internet-related challenges are emerging—cybercrime being one of the most serious among them.

What is Cybercrime?

Cybercrime is any crime that happens using AI , Computers or the Internet. It includes things like:

• Online scams to steal money.

• Hacking into someones account.

• Stealing personal information online.

• Spreading viruses or harmful software.

On Tuesday, during the 'Safer with Google India Summit,' Google introduced its Safety Charter aimed at supporting Indias AI-driven transformation. Google said, Amid a surge in cyber threats and online criminal activity, global entities could face losses of up to $13.82 trillion by 2028.

The Google Safety Charter estimates that Indian organizations could face cybercrime-related losses of up to ₹20,000 crore in 2025.

Preeti Lobana, Vice President and Country Manager, Google India, said “At Google, safety isn't an afterthought—it's embedded in our design principles, engineering processes, and company culture. Our AI systems constantly evolve to detect new threats and scams, even recognising malicious patterns in attacks that have never been seen before,”

In India, reports indicate a sharp rise in cyber fraud, with scammers increasingly using advanced tactics such as AI-generated content, deepfake videos, and voice cloning to carry out highly convincing scams.

According to Google Data

According to Googles Safety Charter, UPI-related frauds cost Indians over ₹1,087 crore in 2024. That same year, Google removed more than 247 million ads and suspended 2.9 million accounts for breaking its ad rules.

Using AI to detect threats and working with other industries, Google made a big difference—Google Pay alone helped stop ₹13,000 crore worth of financial fraud in 2024.

To keep users safe online, Google Messages now blocks over 500 million scam texts every month and has used on-device AI to warn users about more than 2.5 billion suspicious links.

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