This site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.X

EU cybercrime alert system criticised

Share this article:

The creation of a cybercrime alert system has been described as ‘more of the same'.


Rik Ferguson, senior researcher at Trend Micro claimed that he welcomed the move but its introduction ‘is just more of the same'.


Europol, the European law enforcement body, is to get €300,000 to build the alert system to pool reports of cybercrime, such as online ID and financial theft, from across the 27 member states. It will introduce measures to encourage businesses and the police to work closer together in sharing information on investigations and cybercrime trends.


Jacques Barrot, vice president of the European Commission, said in a statement: “The strategy encourages the much needed operational co-operation and information exchange between the member states.


“If the strategy is to make the fight against cybercrime more efficient, all stakeholders have to be fully committed to its implementation. We are ready to support them, also financially, in their efforts.”


Ferguson said that the Council of Europe set up a declaration in 2001 with 30 countries signing it, including countries outside of the EU. However, since it was signed, a large number of important countries such as the UK and Germany have not ratified it.


Ferguson said: “Despite the introductions of treaties and conventions, there has been little action. Jacques Barrot is urging ISPs to become more proactive in disconnecting offenders, such as McColo, the spam giant that hosted major credit card theft, fraud and other criminal activities recently. On a global level, McColo was reportedly accountable for anywhere from 50-75 per cent of spam activity worldwide.”

Share this article:

Next Article in News

SC webcasts on demand

This is how to secure data in the cloud

Exclusive video webcast & Q&A sponsored by Vormetric

As enterprises look to take advantage of the cloud, they need to understand the importance of safeguarding their confidential and sensitive data in cloud environments. With the appropriate security safeguards, such as fine-grained access policies, a move to the cloud is as, or more, secure than an on-premise data storage.

View the webcast here to find out more

More in News

Sandworm vulnerability seen targeting SCADA-based systems

Sandworm vulnerability seen targeting SCADA-based systems

Hard on the heels of the `Sandworm' spy group revealed by iSIGHT Partners earlier in the week, Trend Micro says its has spotted the zero-day vulnerability of the same name ...

Russian-speaking criminals account for £420m of card fraud annually

Russian-speaking criminals account for £420m of card fraud ...

New research claims to quantify the scale of card fraud in Russian speaking circles. And according to Group-IB's analysis over the last year, that fraud clocks in at a hefty ...

Light-based printer attack overcomes air-gapped computer security

Light-based printer attack overcomes air-gapped computer security

Multi-function printers - a route to bypass air-gapped computer security.