I feel like modern technological development has become a comic tragedy: we develop AI so we can develop AI tools to hack so we can develop more AI to combat that AI.
Seems to me like a self-perpetuating broken-window fallacy taken to its logical extreme.
There's usually an attack defense asymmetry of effort on these things (attackers only need to win once whereas defenders need to always be right) so I can't really see it being anything but a net loss. The fraud detection will also increase false positives because those are never zero.
I think this is just called progress or maybe evolution Im not sure we should relate this technology advancement to economic theory. But I do see a direct comparison to other things such as antibiotics.
We know that taking antibiotics leads to stronger bacteria. But we still should have developed it and incorporated it into our medicine. AI will do some amazing things, and as a tool it will be used by some bad people to do bad things. But overall society improves/grows with the creation and use of tools.
Well, technological advancement changes the nature of our economic system and technological advancement is technologically motivated because of the differential "survival" of ideas and technology based on how they help users further themselves economically. So I think it's very pertinent to the discussion.
Seems to me like a self-perpetuating broken-window fallacy taken to its logical extreme.