U.K. to spend £2 million on cyber-crime centre

The U.K. wants to lead a worldwide initiative against organised cyber-crime and is ready to launch a £2 million centre of excellent to advise other nations on cyber-security, British Foreign Minister William Hague said at this week’s international conference on cyberspace in Budapest.

The conference followed the 2011 London Conference on Cyberspace. The participants called for tighter laws in cyberspace, with legal advisor and Director-General of the Department of Treaty and Law to China's foreign ministry Huang Huikang saying that although cyberspace is virtual, it needs rules and norms to follow and the best forum for that would be the United Nations.

EU High Representative Catherine Ashton however claimed that the key stakeholders should find ways to apply the principles of already commonly accepted laws in this new domain rather than starting to draft new ones.

The next meeting on cyber-security will be held in October 2013 in South Korea. The internet accounted for more than 20 percent of GDP growth in the world’s major economies over the last five years, according to a study by the Boston Consulting Group.

©2012-02-08 by boellstriftung at flickr.com
Original source: Flickr