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The looming shadow of illicit trade on the internet: botnets, malware and malvertising

In: Handbook of Research on Counterfeiting and Illicit Trade

Author

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  • Peggy E. Chaudhry

Abstract

The deep web hosts darknet marketplaces that sell a variety of wares, such as narcotics and weapons, and is testimony to the growth of illicit trade on the internet. The challenge of websites that host digital content piracy is exacerbated through linkages to a variety of malware schemes that have created a lucrative crimeware economy. Digital thieves are luring unsuspecting consumers as digital bait to derive profits from a variety of malware schemes, such as ransomware and malvertising. The hijacking of computers to gain access to their digital content so that it can then be ransomed back to consumers or organizations is considered to be one of the leading threats of internet crime. Malvertising schemes are plaguing the interactive advertising business—criminals are reaping profits by posting legitimate advertisements at content theft sites or using an army of botnets to fake advertising traffic. A variety of stratagems are evolving to curb this illicit trade by way of fostering multi-lateral enforcement tactics; updating legislation to circumvent this type of crime on the internet; training digital savvy citizens; and creating private-sector remedies.

Suggested Citation

  • Peggy E. Chaudhry, 2017. "The looming shadow of illicit trade on the internet: botnets, malware and malvertising," Chapters, in: Peggy E. Chaudhry (ed.), Handbook of Research on Counterfeiting and Illicit Trade, chapter 15, pages 366-384, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:17096_15
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    Citations

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    Cited by:

    1. Chohan, Raeesah & Paschen, Jeannette, 2023. "NFT marketing: How marketers can use nonfungible tokens in their campaigns," Business Horizons, Elsevier, vol. 66(1), pages 43-50.
    2. Nnanna P. Azu & Philip A. Nwauko, 2021. "Evaluating the Effect of Digital Transformation on Improvement of Service Trade in West Africa," Foreign Trade Review, , vol. 56(4), pages 430-453, November.
    3. Paolo Spagnoletti & Federica Ceci & Bendik Bygstad, 2022. "Online Black-Markets: An Investigation of a Digital Infrastructure in the Dark," Information Systems Frontiers, Springer, vol. 24(6), pages 1811-1826, December.
    4. Chaudhry, Peggy E. & Cesareo, Ludovica & Pastore, Alberto, 2019. "Resolving the jeopardies of consumer demand: Revisiting demarketing concepts," Business Horizons, Elsevier, vol. 62(5), pages 663-677.
    5. Canh Phuc Nguyen & Thanh Dinh Su, 2022. "When ‘uncertainty’ becomes ‘unknown’: Influences of economic uncertainty on the shadow economy," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 93(3), pages 677-716, September.

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