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Issue No. 01 - January/February (2006 vol. 4)
ISSN: 1540-7993
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.
Cybercrimes, vicious circle, hacker, online extortions, psychological costs and benefits

N. Kshetri, "The Simple Economics of Cybercrimes," in IEEE Security & Privacy, vol. 4, no. , pp. 33-39, 2006.
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