The way downloading games works on PS5 is your console asks PSN for a ticket using hardware attestation and account tokens, PSN checks if you own the game and gives you the keys. It's not doing attestation on every game start because that would make offline play impossible, and it wouldn't be effective against jailbreaks anyway.
If someone manages to download and decrypt the game on 1 single hacked console then it's out forever. Even if Sony decides to only allow unhacked firmware it's only a matter of time (months not years) before that version gets a jailbreak too because no complex system can be totally secure.
The only way to prevent this is making the game online only. That would be an extreme sales and reputation hit because it's the type of thing people expect from EA games where single player is a side mode. Not Rockstar famous for their incredible story modes that have always been offline.
Then you can see from projects like ReSkate that to successfully pull it off you would need to make the game effectively a thin client, because if you leave any logic on the console it will get reversed even if parts of it are server only.
And running a full game engine millions of times on your servers gets expensive real fast. Take Two can't afford it, and even if they could, the hit to their profits would be way more than what they can lose from the game getting cracked day 1.