An Econometric Overview on Growth and Impact of Online Crime and Analytics View to Combat Them

Abstract

In this chapter, the authors take a closer look into the economic relation with cybercrime and an analytics method to combat that. At first, they examine whether the increase in the unemployment rate among youths is the prime cause of the growth of cybercrime or not. They proposed a model with the help of the Phillips curve and Okun's law to get hold of the assumptions. A brief discussion of the impact of cybercrime in economic growth is also presented in this paper. Crime pattern detection and the impact of bitcoin in the current digital currency market have also been discussed. They have proposed an analytic method to combat the crime using the concept of game theory. They have tested the vulnerability of the cloud datacenter using game theory where two players will play the game in non-cooperative strategy in the Nash equilibrium state. Through the rational state decisions of the players and implementation MSWA algorithm, they have simulated the results through which they can check the dysfunctionality probabilities of the datacenters.