Research output per year
Research output per year
J. Hernandez-Castro, A. Cartwright, E. Cartwright
Research output: Contribution to journal › Article › peer-review
We present in this work an economic analysis of ransomware, a relatively new form of cyber-enabled extortion. We look at how the illegal gains of the criminals will depend on the strategies they use, examining uniform pricing and price discrimination. We also explore the welfare costs to society of such strategies. In addition, we present the results of a pilot survey which demonstrate proof of concept in evaluating the costs of ransomware attacks. We discuss at each stage whether the different strategies we analyse have been encountered already in existing malware, and the likelihood of them being implemented in the future. We hope this work will provide some useful insights for predicting how ransomware may evolve in the future.
Original language | English |
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Article number | 190023 |
Number of pages | 14 |
Journal | Royal Society Open Science |
Volume | 7 |
Issue number | 3 |
DOIs | |
Publication status | Published - 4 Mar 2020 |
This project has received funding from the European Unions Horizon 2020 research and innovation programme, under grant agreement no. 700326 (RAMSES project). The authors also want to thank EPSRC for project EP/P011772/1, on the EconoMical, PsycHologicAl and Societal Impact of RanSomware (EMPHASIS), which supported this work.
Funders | Funder number |
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European Horizon 2020 | 700326 |
Engineering and Physical Sciences Research Council | EP/P011772/1 |
Research output: Working paper/Preprint › Preprint