Ross Anderson, Chris Barton, Rainer Böhme, Richard Clayton, Michel J.G. van Eeten, Michael Levi, Tyler Moore, and Stefan Savage describe in the paper Measuring the Cost of Cybercrime the direct and indirect costs of cybercrime in the UK, and corresponding world estimates.
The paper describes the strong externalities of cybercrime, and the indirect and defence costs are much greater proportionately than for tax and welfare fraud and fraud that sits on the boundary between traditional and online fraud such as payment card fraud.
From a clear definition of cybercrime, through detailed descriptions of known fraud and the infrastructure supporting cybercrime, to the framework proposed, this is a thoroughly valuable read. The conclusions include the thought that more needs to be spent on catching and punishing perpetrators, and less in anticipation of computer crime.
Posted on: 26 June 2012 at 07:47 hrs