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Simple Economics of Cybercrime and the Vicious Circle

In: The Global Cybercrime Industry

Author

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  • Nir Kshetri

    (The University of North Carolina at Greensboro)

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 chapter, 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.

Suggested Citation

  • Nir Kshetri, 2010. "Simple Economics of Cybercrime and the Vicious Circle," Springer Books, in: The Global Cybercrime Industry, chapter 0, pages 35-55, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-11522-6_2
    DOI: 10.1007/978-3-642-11522-6_2
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    Cited by:

    1. Seo-Young Cho, 2016. "A crime 2.0 - cybercrime, e-talent, and institutions," MAGKS Papers on Economics 201608, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).

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