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Streamed live on Oct 4, 2017
Talk by: Angus Bancroft
Cyber-crime is increasingly discussed in terms evoking business, but what kinds of business are involved? Are online criminal enterprises business-like in the sense of being organised, persistent profit seeking enterprises and what are the implications for their customers? I use a study of illicit drug focused darknet cryptomarkets to examine the business types available to cybercriminals and critically examine the underlying assumptions about market relationships that are implied in much of the discussion of cybercriminal marketplaces. I draw on a combination of interviews and discussion forum data to examine the motivations and experiences of actors at different levels and with different roles in cryptomarkets. I set out the range of business types in evidence, which are separable by the direction the vendors are moving in and their embedding in wider social networks both on and off-line. I argue that many of the activities involved in cryptomarkets involve critically conceptualising and challenging some of the implications of having a ‘perfect free market in crime’.