Cecilia Malmstroem, the EU’s home affairs commissioner, announced the
latest European initiative in Brussels on Wednesday to combat cypercrime.
LONDON — The European Union is preparing new steps to crack down on bot-herders, identity thieves, web hijackers and other online fraudsters who are skimming millions of euros a day from a growing number of its half billion citizens.
The Commission said cybercrime was a global and cross-border phenomenon that now brought more profits for organized crime — $388 billion a year worldwide — than the global trade in marijuana, cocaine and heroin combined. In Europe, however, action to detect and prosecute it was hampered by inadequate information sharing between national jurisdictions.
source: Harvey Morris nytimes.com