The Economics of Online Crime
Bibliographic Data
| ID | 4029323 |
|---|---|
| Authors | Tyler Moore (0000-0002-8771-8191, Harvard University), Richard Clayton (0000-0002-1673-918X, University of Cambridge), Ross Anderson (0000-0001-8697-5682, University of Cambridge) |
| Year | 2009 |
| Volume | 23 |
| Issue | 3 |
| Pages | 3-20 |
| Publication date | 2009-08-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.23.3.3 |
| OpenAlex | W2141985040 |
| Language | EN |
| Citations received | 31 |
| References cited | 9 |
This paper will focus on online crime, which has taken off as a serious industry since about 2004. Until then, much of the online nuisance came from amateur hackers who defaced websites and wrote malicious software in pursuit of bragging rights. But now criminal networks have emerged-online black markets in which the bad guys trade with each other, with criminals taking on specialized roles. Just as in Adam Smith's pin factory, specialization has led to impressive productivity gains, even though the subject is now bank card PINs rather than metal ones. Someone who can collect bank card and PIN data, electronic banking passwords, and the information needed to apply for credit in someone else's name can sell these data online to anonymous brokers. The brokers in turn sell the credentials to specialist cashiers who steal and then launder the money. We will examine the data on online crime; discuss the collective-action aspects of the problem; demonstrate how agile attackers shift across national borders as earlier targets wise up to their tactics; describe ways to improve law-enforcement coordination; and we explore how defenders' incentives affect the outcomes
Business · Computer security · Credit card · Credit card fraud · Data breach · Economics · Hacker · Incentive · Internet privacy · Law and economics · Law enforcement · Payment · Political science · Computer Science · Crime Patterns and Interventions · Crime, Illicit Activities, and Governance · Cybercrime and Law Enforcement Studies · Law · Finance
The regulation of abusive activity and content
The cheater’s high
Reconceptualizing the Role of Security User
Falling and failing (to learn)
De staat van informatie
Fuelling Organised Crime
Digital Economics
Contagion Risk and Network Design
Online shopping fraud website production
On the motivations and challenges of affiliates involved in cybercrime
Social trust and the support for universal basic income
Acceptance of data sharing in smartphone apps from key industries of the digital transformation
On the Dynamics behind Profit-Driven Cybercrime
Cybercrime is whose responsibility? A case study of an online behaviour system in crime
Reconsidering Crime and Technology
Where is the governance in Internet governance
Exploring the removal of online child sexual abuse material in the UK
Trust among cybercriminals? Carding forums, uncertainty and implications for policing
They withdrew all I was worth’
Heuristics and Biases
Cyber-Dependent Crimes
Should firms invest more in cybersecurity
The attack and defense of weakest-link networks
Cops and crypto
Pause the Blockchain Legal Revolution
Privacy and cybersecurity issues facing the metaverse
Fight or Flight
The Economics of Spam
Honour Among (Cyber)thieves
Assessing the Capacity of DRDoS-For-Hire Services in Cybercrime Markets
Exploring and Estimating the Revenues and Profits of Participants in Stolen Data Markets
| Unique citing works | 31 |
|---|---|
| Citations per year | 2,07 |
| Citation span | 2011 - 2026 (16) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 28 |