Issue No.01 - January/February (2006 vol.4)
Nir Kshetri , University of North Carolina
DOI Bookmark: http://doi.ieeecomputersociety.org/10.1109/MSP.2006.27
Cybercrimes are becoming increasingly pervasive and sophisticated, and can have more severe economic impact than many conventional crimes. Technology and skill intensiveness, a high degree of globalization, and their newness make cybercrimes structurally different. The characteristics of cybercriminals, cybercrime victims, and law enforcement agencies have a reinforcing effect on each other, leading to a vicious circle of cybercrime. The author builds on key elements of this circle to assess a hacker's cost-benefit calculus, and suggests possible mechanisms for combating cybercrime.
Cybercrimes, vicious circle, hacker, online extortions, psychological costs and benefits
Nir Kshetri, "The Simple Economics of Cybercrimes", IEEE Security & Privacy, vol.4, no. 1, pp. 33-39, January/February 2006, doi:10.1109/MSP.2006.27