Abstract

http://ssrn.com/abstract=881421
 
 

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The Simple Economics of Cybercrimes


Nir Kshetri


University of North Carolina (UNC) at Greensboro - Bryan School of Business & Economics


IEEE Security and Privacy, Vol. 4, No. 1, January/February 2006

Abstract:     
Cybercrimes are becoming increasingly pervasive and sophisticated and have more severe economic impacts than most conventional crimes. Technology and skill intensiveness; a higher degree of globalization than conventional crimes; and the newness make cybercrimes structurally different. In this paper, we examine how characteristics of cyber criminals, cybercrime victims and law enforcement agencies have reinforced each other and formed the vicious circle. Next, we build on key elements of the vicious circle and some additional characteristics of cybercrimes to assess the cost-benefit calculus of a hacker. We then propose some mechanisms to break the vicious circle of cybercrimes and to alter a hacker's cost-benefit structure of committing such crimes.

Number of Pages in PDF File: 19

Keywords: Cybercrimes, vicious circle, hacker, online extortions, psychological costs and benefits

JEL Classification: O33

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Date posted: February 8, 2006  

Suggested Citation

Kshetri, Nir, The Simple Economics of Cybercrimes. IEEE Security and Privacy, Vol. 4, No. 1, January/February 2006. Available at SSRN: http://ssrn.com/abstract=881421

Contact Information

Nir Kshetri (Contact Author)
University of North Carolina (UNC) at Greensboro - Bryan School of Business & Economics ( email )
401 Bryan Building
Greensboro, NC 27402-6179
United States
336-334-4530 (Phone)
336-334-4141 (Fax)
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