The EU is Launching "European Cybercrime Centre" To Fight Against Cyber Threats

The European Commission is Launching "European Cybercrime Centre" To Fight Against Cyber Threats
The rise of cyber-crime and cyber-crminals are on the high node. According to a statistic more than 1m people are victims of cybercrime across the globe each day. It says the cost of cybercrime could reach US$388bn worldwide. To fight against rising cyber-crime The European Commission is proposing to set up a European Cybercrime Centre in the Hague to focus on online fraud, e-crime and identity theft. As for the European Cybercrime Centre, the commission is proposing to set it up within the European Police Office, Europol in The Hague in The Netherlands. According to the official release of European Commission - The EU plans to tackle this with a new European Cybercrime Centre , which would warn EU countries of major threats and alert them to weaknesses in their online defences. It would also identify criminal networks and prominent offenders, and provide support during investigations. The centre will use information from the public domain, industry, the police and academia to assist cybercrime investigators, prosecutors and judges.
Anyone can be a victim of cybercrime – it includes:
  •   Online identity theft
  •   Computer fraud
  •   Credit card scams
  •   Sexual exploitation of children
  •   Hijacking of web accounts
  •   Attacks on public or private IT systems
And this type of crime is increasing. Around 600,000 Facebook accounts need blocking every day after hacking attempts. In Belgium alone, internet fraud rose from just over 4,000 cases in 2008 to over 7,000 in 2010. And in the UK, bank account takeovers shot up by 207% between 2008 and 2009. A crackdown on cybercrime will help to increase confidence in e-banking and online booking, and will save millions of euros – a 2011 study put the global cost of cybercrime at €85-291bn. Unfortunately, very few of the perpetrators are currently caught. The pan-EU nature of the centre would ensure that threats are passed on quickly to other EU countries. If someone in Lithuania reports that their bank account has been accessed illegally, it could be linked quickly to similar incidents anywhere from Greece to Ireland, allowing the centre to immediately alert all EU countries to the threat.
Cybercrime Statistics (European Commission analysis):-  
  • By 2011, nearly 73pc of European households had internet access at home.
  • In 2010, more than 36pc of EU citizens were banking online.
  • 80pc of young Europeans connect through online social networks.
  • Circa US$8trn exchanges hands globally each year in e-commerce.
  • Credit card details can be sold between organised crime groups for as little as €1 per card, a counterfeited physical credit card for around €140 and bank credentials for as little as €60.
  • Up to 600,000 Facebook accounts are blocked every day, after hacking attempts.
The commission said the centre will fuse information from open sources, private industry, police and academia, as well as serving as a platform for European cybercrime investigators, where they can have a collective voice in discussions with the IT industry, private-sector companies, academia, users' associations and civil society organisations.


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