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The Simple Economics of Cybercrimes
January/February 2006 (vol. 4 no. 1)
pp. 33-39
Nir Kshetri, University of North Carolina
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, Jan.-Feb. 2006, doi:10.1109/MSP.2006.27
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