The European Commission plans to set up a European Cybercrime Centre to help protect European citizens and businesses against mounting cyber-threats.
The Centre will be established within the European Police Office, Europol, in The Hague (The Netherlands).
The Centre will be the European focal point in fighting cybercrime and will focus on illegal online activities carried out by organised crime groups, particularly those generating large criminal profits, such as online fraud involving credit cards and bank credentials.
It is estimated that, worldwide, more than one million people become victims of cybercrime every day. The cost of cybercrime could reach an overall total of $388 billion worldwide.
The EU experts will also work to protect social network profiles from illegal infiltration and to aid the fight against online identity theft. The Centre will also focus on cybercrimes that cause serious harm to their victims, such as online child sexual exploitation and cyber-attacks affecting critical infrastructure and information systems in the Union.