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Video Face time with Facebook CEO concerns Wall St. "Tens of billions" of habitable worlds in Milky Way Apple will refund new iPad buyers in Australia Slideshow: Distant planets Follow Reuters Facebook Twitter RSS YouTube Read Americans angry with Obama over gas prices 27 Mar 2012 RPT-UPDATE 4-Skeptical justices question Obama healthcare law 27 Mar 2012 Government proposes first carbon limits on power plants 27 Mar 2012 Supreme court weighs all-or-nothing on healthcare law | 12:15pm EDT JetBlue to review procedures after pilot meltdown: CEO | 11:56am EDT Discussed 222 Cheney recovering after heart transplant: spokeswoman 209 Black friend defends shooter of Florida teen 201 Obama makes killing of black Florida teen personal Watched Japanese tsunami boat appears near Canada Sat, Mar 24 2012 Horror hits the runway in Japan Fri, Mar 23 2012 JetBlue flight diverted after captain falls ill 6:22am EDT Cyber-centre to shield EU against online crime Tweet Share this Email Print Related News Digital skills shortage leaves EU youth a step behind Wed, Mar 21 2012 Wanted computer hacker helps bring charges Tue, Mar 6 2012 Analysis & Opinion The jobs of tomorrow, not today, will fix youth unemployment Corporate governance: boardrooms fret over corporate espionage and federal guidance regimes Related Topics Tech » United Nations » BRUSSELS | Wed Mar 28, 2012 11:13am EDT BRUSSELS (Reuters) - The European Commission laid out plans on Wednesday for a centre to combat illegal online activity and shield the EU against cyber-crime, a rapidly expanding enterprise that costs global business an estimated $380 billion a year. The EU cyber-crime centre, to be based in the Netherlands, is expected to be running by January 2013, pending approval by the budgetary authority of Europol, the pan-European police force. The centre would be co-located with Europol in The Hague. The centre, proposed by the European Commission, will focus on fraud involving the online theft of credit card and bank details, while working to coordinate the protection of EU businesses and citizens from organized online crime. "As the online part of our everyday lives grows, organized crime is following suit," said Cecilia Malmstrom, the European commissioner for home affairs, as she presented the proposal in Brussels on Wednesday. Over a third of the EU's 500 million citizens bank online, and an estimated $8 trillion changes hands globally each year in e-commerce, said the Commission. Reports of cyber-crime are rising year-on-year, with groups of hackers developing ever more ingenious methods of by-passing corporate IT security systems and firewalls. Online fraud is estimated to be worth as much as $388 billion a year globally, according to a report by Norton, the anti-virus software provider. In 2011, security experts McAfee unearthed the biggest series of cyber-attacks to date, involving the infiltration of the networks of 72 global organizations, including the United Nations, the International Olympic Committee, and the U.S. government. The call for the centre follows the passage of a draft law by the European Parliament's civil liberties committee on Tuesday that would make attacks on IT systems a criminal offence punishable by at least two years in prison. (Reporting and writing by Daniel Rolle, editing by Luke Baker) Tech United Nations Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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