Unsustainable Cybercrime

It is a frightening but critical comparison that confirms the need for Industrial Strength Computer Science, using CLOOMC and the Lambda Calculus, to combat rampant cybercrime

The rapid growth of cybercrime will, in the next decade, overwhelm society one way or another. The problem is effectively ignored by the mainstream computer industry, which highlights the severity of unsolved issues in binary computers that were all resolved by the telecommunications industry half a century ago.

The graph compares the nominal Gross Domestic Product (GDP) of the USA and China against the estimated annual Global Cybercrime Economy (in Trillions of USD) forecast from 2015 to 2025. The data clearly illustrate the unsustainable growth of the dark side of the world economy.

Observations from the Graph:

Rapid Growth: The Global Cybercrime Economy is projected to more than triple in just one decade, growing from $3.0 trillion in 2015 to an estimated $10.5 trillion by 2025. Cybersecurity Ventures estimates that global cybercrime will cost $10.5 trillion annually by 2025, making it the world's third-largest economy after the U.S. and China.

The "Third Economy": By 2025, the annual cost of global cybercrime is forecasted to exceed the GDP of every nation except the United States and China, solidifying its status as the world's "third-largest economy."

Unsustainable Threats: Although still smaller in absolute size than the two largest national economies, the rapid growth of the cybercrime economy represents a massive and expanding transfer of wealth, draining resources from both public and private sectors worldwide.

The facts compare the nominal Gross Domestic Product (GDP) of the USA and China with the estimated annual Global Cybercrime Economy (in Trillions of USD) forecast from 2015 to 2025.

It clearly illustrates the alarming rate of growth of the dark digital economy and confirms the global challenge in securing digital assets and improving society democratically. We need the fundamentally safer computing paradigm of capability-based hardware exemplified by the PP250 microcode.

Year
Global Cybercrime Cost
(Trillion USD)
USA GDP
(Trillion USD)
China GDP
 (Trillion USD)
2015 $3.0 $18.3 $11.3
2021 $6.0 $23.7 $18.2
2025 (F) $10.5 $30.5 $19.2
2037 (E) $56.2 $56.3 $36.5

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