RT Article
T1 Discerning novel value chains in financial malware
JF European journal on criminal policy and research
VO 23
IS 4
SP 575
OP 594
A1 Wegberg, R.S. van
A2 Klievink, Bram
A2 Eeten, Michel J. G. van 1970-
LA English
YR 2017
UL https://krimdok.uni-tuebingen.de/Record/1567226973
AB Fraud with online payment services is an ongoing problem, with significant financial-economic and societal impact. One of the main modus operandi is financial malware that compromises consumer and corporate devices, thereby potentially undermining the security of critical financial systems. Recent research into the underground economy has shown that cybercriminals are organised around highly specialised tasks, such as pay-per-install markets for infected machines, malware-as-a-service and money mule recruitment. Setting up a successful financial malware scheme requires the aligning of many moving parts. Analysing how cybercrime groups acquire, combine and align these parts into value chains can greatly benefit from existing insights into the economics of online crime. Using transaction cost economics, this paper illustrates the business model behind financial malware and presents three novel value chains therein. For this purpose, we use a conceptual synthesis of the state-of-the-art of the literature on financial malware, underground markets and (cyber)crime economics, as well as today’s banking practice.
K1 Cybercrime
K1 Financial malware
K1 Transaction cost economics
K1 Value chain
K1 Underground markets
K1 Vertical integration
K1 Cyberkriminalität
K1 Wertkette
K1 Cyberuntergrund
DO 10.1007/s10610-017-9336-3