The European Commisson today proposed that a European Cybercrime Centre be established. The purpose is 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 is estimated to an overall total of USD 388 billion worldwide.