crimes’ such as tax and welfare fraud cost the typical citizen in the low hundreds of Euros/dollars a year; payment frauds and similar offences, where the modus operandi has been completely changed by computers, cost in the tens; while the new computer crimes cost in the tens of cents. Defending against the platforms used to support the latter two types of crime cost citizens in the tens of dollars. Our conclusions remain broadly the same as in 2012: it would be economically rational to spend less in anticipation of cybercrime (on antivirus, firewalls, etc.) and more on response. We are particularly bad at prosecuting criminals who operate infrastructure that other wrongdoers exploit. Given the growing realisation among policymakers that crime hasn’t been falling over the past decade, merely moving online, we might reasonably hope for better funded and coordinated law-enforcement action.
|Title of host publication||The 2019 Workshop on the Economics of Information Security (WEIS 2019)|
|Publication status||Published - 2019|
|Event||The 2019 Workshop on the Economics of Information Security - Boston, United States|
Duration: 3 Jun 2019 → 4 Jun 2019
|Conference||The 2019 Workshop on the Economics of Information Security|
|Abbreviated title||WEIS 2019|
|Period||3/06/19 → 4/06/19|