The Global Cybercrime Industry: Economic, Institutional and Strategic Perspectives

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Springer Science & Business Media, Jun 25, 2010 - Business & Economics - 252 pages
The Internet’s rapid diffusion and digitization of economic activities have led to the emergence of a new breed of criminals. Economic, political, and social impacts impacts of these cyber-criminals’ activities have received considerable attention in recent years. Individuals, businesses, and governments rightfully worry about the security of their systems, networks, and IT infrastructures. Looking at the patterns of cybercrimes, it is apparent that many underlying assumptions about crimes are ?awed, unrealistic, and implausible to explain this new form of criminality. The empirical records regarding crime patterns and stra- gies to avoid and ?ght crimes run counter to the functioning of the cyberworld. The ?elds of hacking and cybercrime have also undergone political, social, and psychological metamorphosis. The cybercrime industry is a comparatively young area of inquiry. While there has been an agreement that the global cybercrime industry is tremendously huge, little is known about its exact size and structure. Very few published studies have examined economic and institutional factors that in?uence strategies and behaviors of various actors associated with the cybercrime industry. Theorists are also debating as to the best way to comprehend the actions of cyber criminals and hackers and the symbiotic relationships they have with various players.
 

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Contents

Relevant Actors Motivations Threats and Countermeasures
1
2 Simple Economics of Cybercrime and the Vicious Circle
35
3 An Institutional Perspective on Cybercrimes
57
4 Increasing Returns and Externality in Cybercrimes
75
5 Institutional Field Evolved Around Cybercrimes
95
6 Information and Communications Technologies Cyberattacks and Strategic Asymmetry
119
7 Global Heterogeneity in the Pattern of the Cybercrime Industry
139
8 Structure of Cybercrime in Developing Economies
165
9 Institutional and Economic Foundations of Cybercrime Business Models
189
10 The Global Click Fraud Industry
207
11 Concluding Remarks and Implications
227
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