Social and Economic Impacts of Cybercrime in United States

Social and Economic Impacts of Cybercrime

Overview of Social and Economic Impacts of Cybercrime in relation to cyber crime: [1] All forms of harm experienced by victims of crime, including cybercrime, may be qualified and understood in terms of their social and economic impacts. Whereas social impacts pertain to adverse personal consequences experienced by people such as becoming fearful or having their interpersonal relationships negatively affected, economic impacts refer to financial losses experienced by members of society or organizations. In theory social and economic impacts are inseparable because while financial value may be associated with personal harm and suffering, loss of money or other types of financial assets including valuable data may result in social consequences such as compromised privacy, family strife, loss of employment or academic standing, and so forth.

Resources

Notes and References

1. By Samuel C. McQuade, III

See Also

• Types of Cybercrime
• Cybercriminal

Further Reading

McQuade, S.C. (2006). The social and economic impacts of cybercrime. In Understanding and managing cybercrime (Chap. 6). Boston: Pearson Education, Inc.; McQuade, S., and Fisk, N. (2007). High tech adolescent offending and victimization: A new paradigm for crime and deviancy research. Presented at The National Institute of Justice Conference on July 23, 2007, in Arlington, VA. Available at http://www.rrcsei.org/rrcseicontentresearch.pdf; Prince, B. (2007). Survey: Cost of cybercrime reaches $7B. Retrieved August 10, 2007, from http://www.eweek.com/ article2/0,1759,2167203,00.asp.