Beneath the radar: Exploring the economics of business fraud via underground markets

One of the many facets of cybercrime consists in transactions of malicious software, fraudulent information, and other potentially harmful goods and services via underground marketplaces. A portion of these goods comprises the illegal trading of consumer products such as vouchers, coupons, and loyalty program accounts that are later used to...

Investigating Target Selection and Financial Impact of Service Fraud: An empirical research into criminal activities on underground markets and their implications for businesses

A portion of the digital fraud occurring on the dark web comprises the illegal exchange of vouchers, coupons, and stolen accounts, defined in this research as service fraud. Despite its existence, this type of fraud had not been previously explored. This thesis employs a quantitative approach to examine which company characteristics influence...

Discerning Novel Value Chains in Financial Malware: On the Economic Incentives and Criminal Business Models in Financial Malware Schemes

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...