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SUMMARY:The impact of cybercrime on businesses: A new conceptual framework
  and its application to Belgium - Letizia Paoli\, Faculty of Law\, Univers
 ity of Leuven
DTSTART:20180123T140000Z
DTEND:20180123T150000Z
UID:TALK96463@talks.cam.ac.uk
CONTACT:Alexander Vetterl
DESCRIPTION:Despite growing indications and fears about the impact of cybe
 rcrime\, only few academic studies have so far been published on the topic
  to complement those published by consultancy firms\, cybersecurity compan
 ies and private institutes. The review of all these studies shows that the
 re is no consensus on how to define and measure cybercrime\, or assess its
  impact. \n\nAgainst this background\, this article pursues two aims: 1) t
 o develop a well-thought conceptual framework to define and operationalize
  cybercrime affecting businesses as well as its impact\, harms\, and costs
 \; and 2) to test this conceptual framework with a survey of businesses ba
 sed in Belgium\, which was administered in summer 2016 and elicited 310 va
 lid responses. \n\nConsisting of five types\, our conceptualization of cyb
 ercrime is\, unlike others\, technology-neutral and fully compatible with 
 the legislation. Drawing on Greenfield and Paoli’s (2013)\, we understan
 d impact as the overall harm of cybercrime\, that is\, the “sum” of th
 e harms to material support\, or costs\, and the harms to three other inte
 rest dimensions\, i.e.\, functional (i.e.\, operational) integrity\, reput
 ation and privacy. Whereas we ask respondents to provide a monetary estima
 te of the costs\, respondents are invited to rate the severity of the harm
 s on the basis of an ordinal scale. \n\nThis “double track” might give
  a fuller assessment of cybercrime impact. Whereas most affected businesse
 s do not report major costs or harm\, 15% to 20% of them rate the harms to
  their internal operational activities as serious or more\, with cyber ext
 ortion regarded as most harmful.
LOCATION:LT2\, Computer Laboratory\, William Gates Building
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