EU to get tough on cybercrime, file-sharers to be spared
European Commission proposes new European cybercrime force as part of Europol
IDG News Service - The European Commission is to get tough on cybercrime, but won't target illegal file-sharing, it revealed on Wednesday.
The Commission proposes to set up a European Cybercrime Centre as part of the European police force, Europol, in The Hague in the Netherlands. The center would have a separate governing board, but would be charged with identifying organized cybercriminal networks and providing operational support.
Europol helps European Union law enforcement organizations exchange criminal intelligence, but has no executive powers. It primarily targets trafficking in people, drugs and vehicles; terrorism; counterfeiting of the euro, and money laundering. It already has a mandate to monitor cybercrime, which the proposed center would expand on by adding digital forensics and other capabilities, according to a Europol statement.
But European Commissioner for Home Affairs, Cecilia MalmstrAPm, was keen to underline that the center would not be looking at illegal file-sharing.
Instead, the Commissioner wants to shut down organized crime groups generating large criminal profits.
There's plenty of work to be done: research by PricewaterhouseCoopers found that cyber attacks accounted for 38% of all economic crime incidents that finance companies experienced in 2011.
MalmstrAPm cited figures putting the global cost of cybercrime at between $114 billion and $388 billion a year, and pointed to German Criminal Police Office statistics showing recorded cases of 'phishing in online banking in Germany increasing from just under 2,000 incidents in 2008 to more than 5,000 in 2010.
The new center is expected to cost around a!3.6 million (US$4.8 million) in the first year, and could start operations in January of next year. However the proposal still needs to be adopted by the budgetary authority of Europol.
- Best iPhone, iPad Business Apps for 2014
- 14 Tech Conventions You Should Attend in 2014
- 10 Desktop Apps to Power Your Windows PC
- How to Add New Job Skills Without Going Back to School
- Slideshow: 7 security mistakes people make with their mobile device
- iOS vs. Android: Which is more secure?
- 11 sure signs you've been hacked
- The 12 PCI DSS 3.0 requirements addressed by Peer 1 Hosting This handy quick reference outlines the 12 PCI DSS 3.0 requirements, who needs to be compliant and how Alert Logic solutions address the...
- Defense Throughout the Vulnerability Life Cycle This whitepaper provides insight into how to leverage threat and log management technologies to protect your IT assets throughout their vulnerability life cycle.
- Alert Logic for PCI DSS Compliance To achieve PCI DSS compliance, you must identify and remediate all critical vulnerabilities detected during PCI scans. Threat Manager streamlines this process by...
- Cybersecurity Imperatives Reinvent Your Network Security With Palo Alto Networks The Rise of CyberSecurity
- Live Webcast On-demand webinar: "Mobility Mayhem: Balancing BYOD with Enterprise Security" Check out this on-demand webinar to hear Sophos senior security expert John Shier deep dive into how BYOD impacts your enterprise security strategy...
- Live Webcast Endpoint Backup & Restore: Protect Everyone, Everywhere Arek Sokol from the bleeding-edge IT team at Genentech/Roche explains how he leverages cross-platform enterprise endpoint backup in the public cloud as part...
- Streamline Software Asset Management, Compose a software Management Symphony Keeping track of your organization's software is easy with effective software management solutions from CDW. View the videos in our software solutions channel
- Druva inSync: Endpoint Data Protection & Governance CLICK HERE to watch this video about protecting corporate data on laptops and mobile devices, sponsored by Druva. All Security White Papers | Webcasts