Curriculum The Economics of Cybercrime and Security
The Economics of Cybercrime and Security
Why digital attacks keep growing and who pays: the ransomware business model, crime-as-a-service, why firms underinvest in security, the AIIMS attack, cyber insurance, India's cyber rules, bug bounties, the skills gap, attacks on infrastructure, organised scam centres and building resilience.
- Why Cyber Attacks Keep Growing Why cybercrime has become a huge global business, what it costs economies, and why digitisation creates new targets. 📄 Read-aloud
- The Ransomware Business Model How ransomware gangs lock victims' data and demand payment, why they operate like companies, and the debate over whether victims should pay. 📄 Read-aloud
- Dark Web Markets and Crime-as-a-Service How online black markets sell stolen data, hacking tools and services, and how specialisation has made cybercrime more efficient. 📄 Read-aloud
- Why Firms Underinvest in Security How externalities, information gaps and misaligned incentives lead companies and software makers to spend too little on cybersecurity. 📄 Read-aloud
- Case Study: The AIIMS Cyber Attack How a 2022 ransomware attack shut down systems at India's premier hospital, what it cost, and lessons for public institutions. 📄 Read-aloud
- Cyber Insurance How cyber insurance covers breach and ransomware costs, why pricing it is hard, and how insurers push clients to improve security. 📄 Read-aloud
- The Economics of Cybercrime and Security: Checkpoint 1 Quick checkpoint - five questions on cyber threats, ransomware, black markets, underinvestment and the AIIMS attack. 5 questions
- CERT-In and India's Cyber Rules How India's cyber agency and laws govern incident reporting and data protection, including the 2022 six-hour reporting rule and the data protection law. 📄 Read-aloud
- Bug Bounties and Ethical Hackers How companies pay ethical hackers to find security flaws, why this market works, and how Indian researchers became top earners on bounty platforms. 📄 Read-aloud
- The Cybersecurity Jobs Gap Why there is a global shortage of cybersecurity professionals, what the jobs involve and pay, and how India could supply more talent. 📄 Read-aloud
- Attacks on Power Grids and Critical Infrastructure How cyber attacks on power grids, pipelines and ports can disrupt whole economies, key cases abroad, and why critical infrastructure needs special protection. 📄 Read-aloud
- Organised Scam Centres How cyber fraud became organised at scale, from Jharkhand's Jamtara to scam compounds in Southeast Asia that trafficked workers, and the "digital arrest" fraud wave. 📄 Read-aloud
- Building Cyber Resilience How individuals, firms and governments can build resilience against cyber threats, and a recap of the module. 📄 Read-aloud