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[ARTICLE · art-107025] src=ca.finance.yahoo.com ↗ pub= topic=generative-ai verified=true sentiment=↓ negative

Cybercrime to become world's 3rd largest economy: Mastercard CEO

Mastercard CEO Michael Miebach warned that global cybercrime will reach $15.6 trillion by 2030, making it the world's third-largest economy, and highlighted the generative AI arms race between fraudsters and banks as well as risks of AI agents managing finances.

read1 min views1 publishedAug 22, 2026
Cybercrime to become world's 3rd largest economy: Mastercard CEO
Image: Ca (auto-discovered)

Mastercard CEO Michael Miebach warns Yahoo Finance Executive Editor** **Brian Sozzi that global cybercrime will reach $15.6 trillion by 2030, making it the world's third-largest economy. He breaks down the generative AI "arms race" between fraudsters and banks, and explains the hidden risks of letting AI agents manage your purchases and money.

source & further reading
ca.finance.yahoo.com — original article Anthropic's IPO could come sooner than you think — likely beating OpenAI to the punch MAHA activists urge Trump against promoting coal to power energy-hungry AI data centers AI Cloud Firm Nscale Is Said to Seek Up to $3 Billion in US IPO
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