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

> Source: <https://ca.finance.yahoo.com/video/cybercrime-become-worlds-3rd-largest-120000307.html>
> Published: 2026-08-22 12:00:00+00:00

Mastercard CEO Michael Miebach warns Yahoo Finance Executive Editor** **[Brian Sozzi](https://finance.yahoo.com/author/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.