In “Deterring Financially Motivated Cybercrime,” Zachary K. Goldman and Damon McCoy present three strategies for deterring attacks that use malicious cyber capabilities to generate a profit. Each strategy—the imposition of financial sanctions, public/private partnerships to disrupt tools of cybercrime, and activities to disrupt payment networks run by criminals who sell fraudulent goods over the Internet—is analyzed for strengths and weaknesses. The authors conclude with a discussion of the ways in which regulatory tools to combat cybercrime can overcome problems with formulating a cohesive deterrent strategy such as secrecy and attribution.
By Zachary K. Goldman
Zachary K. Goldman is the Executive Director of the Center on Law and Security and an Adjunct Professor of Law at NYU School of Law.View all of Zachary K. Goldman's posts.
By Damon McCoy
Damon McCoy is an Assistant Professor of Computer Science and Engineering at New York University’s Tandon School of Engineering. This work was partially funded by National Science Founded grant number 1619620.View all of Damon McCoy's posts.