Digital Spritis

Perhaps the biggest near-term AI opportunity is reducing cybercrime costs. With serious attacks unfolding almost daily, digital insecurity’s economic weight has truly grown out of control. Per the European Commission, global cybercrime costs in 2020 were estimated at 5.5 trillion euros (around $6.43 trillion). Since then, costs have only spiraled. In 2025, Cybersecurity Ventures estimates annual costs will hit $10 trillion, a showstopping 9 percent of global GDP. As Bloomberg notes, global cybercrime is now the world’s third-largest economy. This is truly an unrivaled crisis.

Thankfully, it is also an unrivaled opportunity. Given the problem’s sheer scale, any technology, process, or policy that shaves off just a sliver of these cyber costs has percentage point growth potential. Reduce cyber threats, and abundance will follow.

To seize the opportunity, our single best hope is AI. There’s no question human engineers have failed to contain this cost crisis. As threats rapidly proliferate, human labor has remained profoundly limited. Thankfully, a truly promising set of AI technologies is emerging to not only manage the challenge but also significantly reduce total costs. If we play our cards right—and make prudent policy choices—substantial economic possibilities are ours to seize.