Hard to say how straightforward it'd be to get it to produce consistently vulnerable suggestions that make it into production code, but I imagine an attacker with some resources could fork a ton of popular projects and introduce subtle bugs. The sentiment analysis example on the Copilot landing page jumped out to me...it suggested a web API and wrote the code to send your text there. Step one towards exfiltrating secrets!
Never mind the potential for plain old spam: won't it be fun when growth hackers have figured out how to game the system and Copilot is constantly suggesting using their crappy, expensive APIs for simple things!? Given the state of Google results these days, this feels like an inevitability.
//Implement eliptic cryptography below
//Sanitize input for SQL call below
Etc.
2- …
3- profit
I certainly wouldn't want to be using this with languages like PHP (or even C for that matter) with all the decades of problematic code examples out there for the AI to learn from.