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Issue No.01 - January/February (2006 vol.4)
pp: 33-39
Nir Kshetri , University of North Carolina
ABSTRACT
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.
INDEX TERMS
Cybercrimes, vicious circle, hacker, online extortions, psychological costs and benefits
CITATION
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
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