An online casino
The online gambling sector was singled out for not providing enough security
R E L A T E D   C O N T E N T
ADVERTISEMENT

Security weaknesses prompt EU cyber crime directive debate

European Commission increasingly worried about the level of cyber crime in the EU

Tom Young, Computing 01 May 2008
ADVERTISEMENT

The European Commission will consider introducing cyber crime laws later this year if the problem continues to get worse, according to a report this week.

A study expected to be published in Autumn 2008 is looking at whether an EU wide directive is needed.

The Commission is increasingly concerned about the rate of cyber crime in the EU, saying it represents the "highest threat" to the European payments industry, and noted that inconsistent legislation across the area is a problem.

"The Commission may consider harmonising EU criminal legislation on identity theft in order to ensure that identity theft is a criminal offence in its own right in all EU Member States and to introduce effective dissuasive sanctions," says the report.

"Criminals have been taking advantage of gaps in the security requirements applied by the payment industry and e-commerce sites in relation to the acceptance of (credit) card transactions," says the report.

And payment card issuers have not systematically rejected transactions with false or missing card security codes, the report found. The airlines/travel agencies and gaming/gambling sectors were particularly identified as weak areas.

The Commission will also look at developing common authentication techniques – such as two-factor authentication – across the EU for internet banking later this year, and will consider making some technologies mandatory.

See also:

picture of hacker“White hat” hackers warn of high street retailers with poor security systems  25 Apr 2008
picture of padlockWatchdog unveils slack conduct of financial services industry towards data security  24 Apr 2008
Picture of a credit cardOriginal APACS figures for 2007 did not include failed attempts, says the BBC  23 Apr 2008
A nuclear power stationGovernment needs to do more to safeguard critical national infrastructure  03 Apr 2008

All Enterprise Security Technology
Tags: Internet, Eu, Government, Communications

Like this story? Spread the news by clicking below:

Post this to Delicious del.icio.us    Post this to Digg Digg this    Post this to reddit reddit!

Permalink for this story

M A R K E T P L A C E
Sponsored links
F E A T U R E D   J O B S
| Aston Carter
C#, GUI Developer – Fixed Income – Investment Bank. My client is seeking a strong C# ASP.Net developer to join their Fixed Income area and operate within one of the top tier investment banks in ... more >
| Computer People
Technical Project Manager / SDLC West London, £75k - (Software Development, SDLC), RUP Serious opportunity for hands on Technical Project Manager to join a leading blue chip organisation based in an easily accessible area of ... more >
| Computer People
C# Developer - Nottingham 4 Month Contract Market Rates I have an exciting opportunity for a C# ASP.NETDeveloper working for an established client within Computer People. Working from their offices in Nottingham you’ll be providing ... more >
| JAM Recruitment
Job Ref: AS/20356/TAX Package: c£60,000.00 + Bonus + Benefits Location: Middlesex Job type: International Assignment / Global Mobility / Expatriate Tax Manager Position type: Permanent Hours: Full-time Contact name: Andy Shaw Contact Company: JAM Mobility ... more >
More job opportunities