Cybersecurity Economics for Emerging Markets

By leveraging AI to analyze millions of online articles written in 98 languages, this groundbreaking study reveals that reducing cyber incidents could raise GDP - outperforming even the potential economic gains from AI adoption.

Discover why cybersecurity investments are key to unlocking economic potential, as nations confront a rising wave of cyber threats.

Key messages:

• Cybersecurity drives economic growth: Cybersecurity not only prevents losses but also builds trust, enhances competitiveness, and fosters digital innovation, driving overall productivity. In fact, a developing country that reduces cyber incidents could boost GDP per capita by 1.5% within a decade. Moreover, new evidence shows that, between 2014 and 2023, the most digitalized and profitable industries performed better in nations with strong cybersecurity commitments, all else equal.
• Developing regions are at a critical moment: With 63% of the population online, developing countries, particularly in Latin America and the Caribbean, are experiencing a surge in major disclosed cyber incidents—25% growth over the past decade in LAC and 37% in UMICs—yet progress in cybersecurity measures remains slow.
• Public administration and finance are highly vulnerable: In developing nations, 36% of the disclosed cyber incidents target public administration, with finance and information & communications close behind, while high-income countries face a more even spread, led by healthcare at 16%.
• Urgent need for skilled workforce and tailored solutions: With a global shortage of 4 million cybersecurity professionals and over 90% of research focused on the U.S. alone, nations must invest in building talent and developing tailored R&D plans, supported by a balanced approach of market-driven solutions and strong regulatory frameworks.

Cybersecurity isn't a cost—it’s an investment in a stronger, more resilient economy.