Online crime costing Europe billions

2012-05-09 10:12 Tel Aviv - The president of the global police network Interpol says fighting cyber crime is a top priority this year.

Interpol is holding its conference in Israel for the first time.

Khoo Boon Hui told a conference of 49 European member states on Tuesday that online crime is increasing and crossing borders. He pointed to a recent study by London Metropolitan University that found 80% of cyber crime is connected to international organised gangs.

Hui said Malaysian police arrested more than 200 cyber scammers from China and Taiwan in two syndicates managed from Taiwan last month.

Hackers penetrated the Interpol website this year.

Online crime costs Europe annually about $977bn, he said.

Hui said Interpol will open a digital security complex in Singapore in 2014.

- AP