Understanding Modus Operandi Of The Cyber Economic Crime From People-Process-Technology Framework’s Perspective
Balsing Rajput · Journal of Emerging Technologies and Innovative Research · 2018
Cyber economic crimes are technological crimes. The internet has engulfed the world and therefore their topology, geographical limits, complexity, technology used and protocols were also started to modify and expand. Thus, due to evolving technology, different kind of vulnerabilities in the technology has started to pop up. The processes of the economic transaction are misused for illegal gain. It is not the technology but man behind the machine is the culprit to exploit all this. Technology is incomplete without the people and processes. These three important aspects, the people, process and technology together create the holistic understanding of the entire spectrum of the activities and players in the criminal activities in cyber economic crime. Technology has a great impact on the financial crimes. Modus operandi can be classified into three type as technological vulnerabilities, Weaknesses in Human mind and lacunas in the processes. The interpretation in this way covers all the methods and ways of the crime. People-Process-Technology framework perspective provides holistic perspective for classifying and understanding the modus operandi of Cyber economic crimes. All the three components of people –process and technology frameworks are equally responsible for crime. This perspective should be considered for deciding for prevention strategy.