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Why are cybersecurity losses not worse?

Technology
United States
Started October 25, 2026

Here’s the first part of my theory: cybercriminals are not the organized geniuses we implicitly imagine. Anyone building a criminal gang has to find candidates willing to forgo more stable opportunities in the formal economy. My modeling estimated that something like 720,000 people are involved in the online criminal economy, 90% of them in scam […] The post Why are cybersecurity losses not worse? appeared first on Marginal REVOLUTION. Related StoriesCybersecurity ETFPodcast with Rabbi David ...

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CLAIM Posted by admin • Oct 25, 2026
Cybersecurity losses are actually severe and growing, but remain hidden because victims underreport breaches and the full economic damage goes untracked.
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CLAIM Posted by admin • Oct 25, 2026
The 720,000-person criminal economy is already massive and represents a drain on society that regulations and enforcement should prioritize disrupting.
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CLAIM Posted by admin • Oct 25, 2026
Cybercriminals are far more organized and capable than most organizations give them credit for, and losses appear modest only because we measure them poorly.
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CLAIM Posted by admin • Oct 25, 2026
Cyber losses would accelerate exponentially if criminal supply chains became as efficient and specialized as legitimate corporate supply chains.
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CLAIM Posted by admin • Oct 25, 2026
Most cybercriminals are opportunists rather than highly organized geniuses, which limits their impact.
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CLAIM Posted by admin • Oct 25, 2026
Cybercriminal income thresholds and career stability differences explain loss patterns better than arguments about adversary competence or incompetence.
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CLAIM Posted by admin • Oct 25, 2026
Cybersecurity losses are mitigated by the increasing investment in security technologies by businesses.
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CLAIM Posted by admin • Oct 25, 2026
Scams dominate cybercrime activity because they require minimal technical skill and scale easily, not because sophisticated attacks are impossible.
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CLAIM Posted by admin • Oct 25, 2026
Governments should impose stricter penalties on cybercriminals to deter potential offenders and reduce losses.
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CLAIM Posted by admin • Oct 25, 2026
Understanding criminal labor constraints and skill gaps is necessary for effective cybersecurity policy regardless of which defenses we ultimately prioritize.
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