The Dark Web: Organized Cyber Crime & the Online Black Market

The Conference Board of Canada, April 13, 2016
Recorded Webinar
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Cisco recently estimated that as more and more everyday devices are integrated into the Internet of Everything, there is a potential for generating upwards of $19 trillion of efficiency gains and increased production over the next decade. However, these gains hinge upon the Internet remaining a safe medium for the exchange of ideas and a secure platform for commerce. Unfortunately, both these critical aspects are under threat and the cost of Internet-based crime is mounting. The World Economic Forum estimates that the costs of crime in cyberspace in 2016 could be as high as $445 billion. Juniper Research predicts that by 2019 the annual costs of data breaches could be as high as $2 trillion per year.

Join cybercrime expert Dr. Eric Jardine for a 60-minute webinar on organized crime and the Dark Web. Apart from providing much-needed context to our growing reliance upon digital technologies, Dr. Jardine will discuss how the Internet is increasingly used as a tool by online criminals of various stripes.

Webinar Highlights

This session will explore:

  • Crime has moved online. Some of it is old crime in a new place. Some is new crime created by the new technology. Online crime ranges from crime committed in the applications of the Internet, such as illegal marketplaces in the Dark Web, to crime committed via the infrastructure of the network itself.
  • Crime in the applications of the network often happens in the Dark Web, an anonymous portion of the Internet. The tools used to access the Dark Web are also used to protect human rights, giving rise to a Dark Web Dilemma.
  • Crime via the Internet itself is a massive problem—it takes many forms and costs a lot of money. However, we lack a clear sense of just how problematic it is because cyberspace keeps getting bigger each year.
  • Policies designed to deal with cybercrime vary in effectiveness based upon the interaction of the policy in question and the way in which the crime uses the Internet.

About Eric

Photo of Eric JardineEric Jardine joined CIGI in May 2014 as a research fellow in the Global Security & Politics Program. As a part of this position, he contributes to CIGI’s work on Internet governance, including as a member of the Secretariat for the Global Commission on Internet Governance. He has authored numerous scholarly articles on trends in cybercrime, the uses and abuses of the Dark Web and contention in Internet governance.

He is currently writing a book on the loss of trust in the Internet ecosystem and what can be done about it. Eric regularly appears as a commentator on cybersecurity issues in television, radio and print media. Eric holds a Ph.D. in International Affairs from the Norman Paterson School of International Affairs, Carleton University, Canada.

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