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June 5, 2009 by

Microsoft study debunks profitability of the underground economy

Cybercrime, what cybercrime and millions of dollars in profits?!A newly released paper presented by Cormac Herley and Dinei Florencio at this year's  Workshop on the Economics of Information Security 2009 entitled "Nobody Sells Gold for the Price of Silver: Dishonesty, Uncertainty and the Underground Economy" debunks the often taken for granted profitability of the underground economy comparing it to that of a Market for Lemons, where the seller knows more about the product than the buyer.


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