A Game Theoretical Analysis of Lemonizing Cybercriminal Black Markets

Hoe, SingRu; Kantarcıoğlu, Murat; Bensoussan, Alain

doi:10.1007/978-3-642-34266-0_4

Cited by 7 publications

(2 citation statements)

References 4 publications

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“…Another class of disruption strategies aim to disrupt marketplace dynamics via information. An example is known as 'lemonising the market' [31], [32]. This strategy targets online marketplaces with the purpose of creating distrust between actors since a lemon market is one with uncertainty over product quality [33].…”

Section: Discussionmentioning

confidence: 99%

A Social Network Analysis and Comparison of Six Dark Web Forums

Pete

Hughes

Chua

et al. 2020

2020 IEEE European Symposium on Security and Privacy Workshops (EuroS&PW)

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With increasing monitoring and regulation by platforms, communities with criminal interests are moving to the dark web, which hosts content ranging from whistleblowing and privacy, to drugs, terrorism, and hacking. Using post discussion data from six dark web forums we construct six interaction graphs and use social network analysis tools to study these underground communities. We observe the structure of each network to highlight structural patterns and identify nodes of importance through network centrality analysis. Our findings suggest that in the majority of the forums some members are highly connected and form hubs, while most members have a lower number of connections. When examining the posting activities of central nodes we found that most of the central nodes post in sub-forums with broader topics, such as general discussions and tutorials. These members play different roles in the different forums, and within each forum we identified diverse user profiles.

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Section: Discussionmentioning

confidence: 99%

A Social Network Analysis and Comparison of Six Dark Web Forums

Pete

Hughes

Chua

et al. 2020

2020 IEEE European Symposium on Security and Privacy Workshops (EuroS&PW)

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“…Although little criminological research has been conducted on darknet markets, what has been done typically follows a proactive, policy-oriented approach. This largely includes the potential disruption of illegal marketplaces, for example, “lemonising the market” (Hoe et al, 2012; Howell et al, 2022; Hutchings & Holt, 2017), fake sales, such as “fake peach attack” (Hoe et al, 2012), and utilizing additional scripts to introduce new information into illegal markets (Hutchings & Holt, 2015; Jardine, 2021). Generally speaking, these methods involve introducing new information into criminal markets and are designed to erode trust.…”

Section: Literature Reviewmentioning

confidence: 99%

Follow the Money: Analyzing Darknet Activity Using Cryptocurrency and the Bitcoin Blockchain

Dearden

Tucker

2023

Journal of Contemporary Criminal Justice

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Transactions on the darknet are notoriously difficult to examine. Prior criminological research has generally used web scraping and qualitative text analysis to examine illegal darknet markets. One disadvantage of this process is that individuals can lie. Fortunately for researchers, the currency used for transactions on the darknet, cryptocurrency, is designed to be tracked. In this article, we examine transactions from a former darknet marketplace, AlphaBay. Using the blockchain, we examine the interconnectedness of both legal and illegal cryptocurrencies. In addition, we provide a structured approach to quantitatively examine the Bitcoin blockchain ledger, offering both the tools and our own experiences for other researchers interested in such approaches. While cybersecurity, information technology, accounting, and other disciplines can examine the financial data itself, we believe that criminologists can provide additional benefits in pattern analysis and organizing the context and theory around the transactions. Our results show that cryptocurrency transactions are generally identifiable (90%) and involve likely illegal transactions, transactions that attempt to obfuscate other transactions, and legal transactions. We end with a discussion of newer cryptocurrencies and related technology and how they will likely shape future work.

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The online stolen data market: disruption and intervention approaches

Hutchings

Holt

2016

Global Crime

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A Game Theoretical Analysis of Lemonizing Cybercriminal Black Markets

Cited by 7 publications

References 4 publications

A Social Network Analysis and Comparison of Six Dark Web Forums

A Social Network Analysis and Comparison of Six Dark Web Forums

Follow the Money: Analyzing Darknet Activity Using Cryptocurrency and the Bitcoin Blockchain

The online stolen data market: disruption and intervention approaches

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