European Cybercrime Centre to combat cyber threats in EU

The European Commission on Wednesday proposed establishing a European Cybercrime Centre to help protect European citizens and businesses from cyber threats. The centre will focus on protecting social network profiles from e-crime infiltration, combat cybercrimes that cause serious harm to their victims and online identity theft. It will also warn member states of weaknesses in their online defenses and of cybercrime threats. The centre is expected to cost around $4.8 million in the first year, and could start operations next January, once the proposal is adopted Europol.