The European Commission has today proposed the establishment of a new European cybercrime center as part of Europol, at The Hague, which will become instrumental in the fight against criminal activities on the internet across the EU.
The center should be operational by January 2013.
“The establishment of the European Cybercrime Centre will be a landmark development in the EU’s fight against cybercrime. (…) Organised crime groups, terrorist groups and other criminals are quick to exploit the opportunities afforded by developments in technology, and the time is ripe for the authorities to get one step ahead. The European Cybercrime Centre will provide governments, businesses and citizens throughout the Union with the tools to tackle cybercrime,” said Rob Wainwright, director of Europol.
A recent report suggests that victims lose around EUR 290 billion each year worldwide as a result of cybercrime, making it more profitable than the global trade in marijuana, cocaine and heroin combined, according to a press release by Europol.