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Reputation in the Market for Stolen Data

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  • Andrew Mell
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    Abstract

    Internet commerce has made it easier to compare prices and shop online.� However, it has also exposed consumers to a new kind of crime in the form of the electronic theft of payment details.� However the skills required to successfully intercept payment data differ from the skills required to use that information for one’s own gain.� This creates gains to trade between those who steal the data and those who know how to use it.� This particular illicit market has the added disadvantage that trade takes place online and the only identification of any paticular trader comes from a username which can be changed at zero cost.� This paper examines the reputation mechanisms that keep this market working and considers whether they might constitute an Achilles’ Heel that governments keen to reduce crime might exploit.

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    File URL: http://www.economics.ox.ac.uk/materials/papers/12045/paper611.pdf
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    Bibliographic Info

    Paper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 611.

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    Date of creation: 01 Jun 2012
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    Handle: RePEc:oxf:wpaper:611

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    Related research

    Keywords: Reputation; Illicit trade; Illegal behavior and the enforement of law;

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