Paper Type
Short
Paper Number
1140
Description
The rapid expansion of the Internet has spawned diverse business opportunities, reshaping sectors and fostering innovation. However, the intricate nature of underlying technologies and business models poses challenges, hindering adoption and creating opportunities for digital consumer fraud. This study explores digital consumer fraud using the case of JPEX, a Hong Kong cryptocurrency exchange under investigation since September 2023. The research aims to identify characteristics, external conditions, and outcomes, enhancing understanding and awareness of such frauds' implications. Based on the Routine Activity Theory (RAT) perspective, our ongoing research suggested (1) a definition extension on "guardianship" as crime conditions, (2) the impact of market conditions on fostering crime opportunities, (3) unwitting collaborators as the 4th crime conditions and (4) characteristics and outcomes of digital consumer fraud businesses.
Recommended Citation
Au, Cheuk Hang; Chou, Chih-Yuan; and Ho, Kevin K.W., "Unveiling Formations and Outcomes of Digital Consumer Frauds: An Expanded Routine Activity Theory Perspective" (2024). PACIS 2024 Proceedings. 9.
https://aisel.aisnet.org/pacis2024/track07_secprivacy/track07_secprivacy/9
Unveiling Formations and Outcomes of Digital Consumer Frauds: An Expanded Routine Activity Theory Perspective
The rapid expansion of the Internet has spawned diverse business opportunities, reshaping sectors and fostering innovation. However, the intricate nature of underlying technologies and business models poses challenges, hindering adoption and creating opportunities for digital consumer fraud. This study explores digital consumer fraud using the case of JPEX, a Hong Kong cryptocurrency exchange under investigation since September 2023. The research aims to identify characteristics, external conditions, and outcomes, enhancing understanding and awareness of such frauds' implications. Based on the Routine Activity Theory (RAT) perspective, our ongoing research suggested (1) a definition extension on "guardianship" as crime conditions, (2) the impact of market conditions on fostering crime opportunities, (3) unwitting collaborators as the 4th crime conditions and (4) characteristics and outcomes of digital consumer fraud businesses.
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