Professor Tom Holt study cited in CNBC article

A recent article on CNBC.com entitled “Here’s what your personal data is going for on the dark web” discusses a study conducted by Dr. Tom Holt. The study examined the risk reduction strategiesPhoto of Thomas Holt used by individuals transacting through illicit virtual markets.

Examining the risk reduction strategies of actors in online criminal markets was published in Global Crime in February 2015. The researchers analyzed posts from Russian- and English-language web forums selling stolen data to be used in identity theft and fraud, and found that buyers of stolen data use multiple strategies to avoid loss, as well as using resources provided by forum administrators designed to manage relationships between participants.

MSU SCJ doctoral student Yi Ting Chua, Assistant Professor Olga Smirnova  (Eastern Carolina University, Department of Political Science) and Associate Professor Heith Copes (University of Alabama-Birmingham, Department of Sociology) are co-authors of the study.

Thomas J. Holt is a professor in the School of Criminal Justice at Michigan State University whose research focuses on computer hacking, malware, and the role of the Internet in facilitating all manner of crime and deviance. His work has been published in various journals including Crime and Delinquency, Deviant Behavior, the Journal of Criminal Justice, and Youth and Society.