Determined to keep cyber sharks out of business, the European Commission has injected funds into establishing the European Cyber Crime Centre (EC3).
Wieland Alge, VP and general manager for EMEA at Barracuda Networks said: “The news that the European Commission is taking cyber crime seriously by investing in the European Cyber Crime Centre (EC3) is to be applauded. Because of the international nature of cybercrime - where country borders no longer restrict criminal operations - having one organisation that can oversee and co-ordinate things has to be a step in the right direction. However, even this European-wide initiative makes it difficult to effectively bring criminals who threaten our lives and economy to justice. As for trying to rely on national prosecution, it is simply is not enough.
According to Alge prosecution of criminals needs to happen on an international basis, since they are internationally organised. He however said, protection against attacks must take place in each country where the victim resides.
Alge added: "In order to help address this and support growing international initiatives, precautions must be taken at all levels to prevent the crime happening in the first place. A good start is by ensuring effective perimeter defences such as firewalls and strong security policies are in place to start with.”