The European Commission (EC) is today detailing plans for a regional center to fend off the growing threat of cybercrime.
A centralized approach is necessary to protect Europeans from rising cyber attacks, which the EC estimates could cost the global economy $388 billion (€290 billion). The center would bridge the European Police Office and Europol in The Hague, and focus on attacks by organized crime groups affecting e-banking and online booking services.
Cecilia Malmström, Commissioner for Home Affairs, says cybercrime is becoming an increasing problem as more consumers utilize the web for shopping, banking and booking holidays. “We can’t let cybercrimnals disrupt our digital lives,” she states, adding. “A European Cybercrime Center within Europol will become a hub for cooperation in defending an internet that is free, open, and safe.”