Abstract: | It is increasingly argued that the primary motive of the cybercriminal and the major reason for the continued growth in cyber attacks is financial gain. In addition to the direct financial impact of cybercrime, it can also be argued that the digital data and the information it represents that can be communicated through the Internet, can have additional intrinsic value to the cybercriminal. In response to the perceived value and subsequent demand for illicit data, a sophisticated and self-sufficient underground digital economy has emerged. The aim of this paper is to extend the author’s earlier research that first introduced the concept of the Cybercrime Execution Stack by examining in detail the underlying data objectives of the cybercriminal. Both technical and non-technical law enforcement investigators need the ability to contextualise and structure the illicit activities of the cybercriminal, in order to communicate this understanding amongst the wider law enforcement community. By identifying the potential value of electronic data to the cybercriminal, and discussing this data in the context of data collection, data supply and distribution, and data use, demonstrates the relevance and advantages of utilising an objective data perspective when investigating cybercrime. |