Author

  • Akim M. Rahman

    • Dept of Economics, Canadian University of Bangladesh, Bangladesh
    • Bangladesh
  • Saadi Islam

    • Public Relations, American International University-Bangladesh (AIUB), Bangladesh
    • Bangladesh

Abstract

Today’s technology-driven human-society(s) country-wise are counted more than ever before where UAE-society is no exception. Tech-users here compete for comparative time-saving options for marginalizing operating costs. It has resulted in huge data usages, a high number of users & devices, which has attracted criminals for taking advantage, which is called cybercrime. Addressing cybercrime, the UAE, like many countries, is not out of control by-laws. However, laws like cybercrime for its society are not always for absolutely eliminating the crime. Thus, besides cybercrime law in place, UAE needs a piecemeal approach in practice where one department may vary from approaches of other-department. With awareness about risky online behaviors & options, tech-users as defenders are needed to invest their efforts. This study has laid out the foundation of the proposal, Akim’s Model-2021, using the Theory of Consumer Choice & Behaviors and Welfare Analysis. Tech-user’s actual utility-received is the sum of utility-received from awareness & owneffort and utility-received from cybercrime-law. Any changes to services received from joint efforts may risk tech-user, to be a victim. Welfare analysis shows tech user's actions - awareness & own-effort, besides cybercrime-law can create, Net Social-gain, which largely depends on tech user's actions. Tech-user’s economic surplus is greater than government expenses for implementation of cybercrime law in UAE. Netloss to the UAE is the sum of deadweight loss and net-loss to tech producers for underutilized resources.

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How to Cite

Rahman, A. M., & Islam, S. (2021). Social-Costs Perspective Impacts of Cybercrime in World-Economy, Country-Wise: Policy-Guidance under Piecemeal Approach. Information Management and Business Review, 13(2(I), 43-55. https://doi.org/10.22610/imbr.v13i2(I).3229

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Section

Research Paper

Published

2021-11-03

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