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Over the past decade, considerable research effort has been devoted to articulating and measuring the various ways through which cyber crime impacts overall society. The large volume of literature on the topic contains few attempts to produce estimates of the financial impact of specific cyber incidents and little agreement on how to derive such estimates. An important substrata of this literature focuses on placing a monetary value on the costs of cyber crime but little is known about the long-term economic impact to society. In this article, we first assess the shortcomings of existing cost estimates and focus on the relevant issues pertinent to the feasibility of deriving valid and useful estimates beyond cost-benefit analyses. Following a mixed top-down/bottom-up methodology, we propose a theoretical framework to systematically identify the short and long-term impacts of cyber crime both at the agent and societal level. This framework serves as the foundation to assess the economic consequences of cyber crime beyond monetary costs by focusing on the impact on economic growth.
|Title of host publication||Proceedings of the 2017 New Security Paradigms Workshop on ZZZ|
|Publisher||Association for Computing Machinery (ACM)|
|Number of pages||11|
|Publication status||Published - 2017|
|Event||2017 New Security Paradigms Workshop on ZZZ - Santa Cruz, United States|
Duration: 1 Oct 2017 → 4 Oct 2017
|Conference||2017 New Security Paradigms Workshop on ZZZ|
|Abbreviated title||NSPW 2017|
|Period||1/10/17 → 4/10/17|
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van Eeten, M. J. G., Hernandez Ganan, C., Gürses, F. S., van Wegberg, R. S., Parkin, S. E., Zhauniarovich, Y., van Engelenburg, S. H., Kadenko, N. I., Labunets, K., Akyazi, U., Bouwman, X. B., Jansen, B. A., Kaur, M., Al Alsadi, A., Lone, Q. B., Turcios Rodriguez, E. R., Vermeer, M., van Harten, V. T. C., Vetrivel, S., Oomens, E. C., Kustosch, L. F., Bisogni, F., Ciere, M., Fiebig, T., Korczynski, M. T., Moreira Moura, G. C., Noroozian, A., Pieters, W., Tajalizadehkhoob, S., Dacier, B. H. A., San José Sanchez, J., Çetin, F. O. & Zannettou, S.
1/01/10 → …