The European Commission proposed to establish a European Cybercrime Centre to help protect European citizens and businesses against these mounting cyber-threats. The centre will be established within the European Police Office, Europol in The Hague (The Netherlands). The centre will be the European focal point in fighting cybercrime and will focus on illegal online, particularly those generating large criminal profits, such as online fraud involving credit cards and bank credentials.

A focus of the European Cybercrime Centre will be to protect social network profiles from e-crime infiltration and will help the fight against online identity theft. It will also focus on cybercrimes which cause serious harm to their victims, such as online child sexual exploitation and cyber-attacks affecting critical infrastructure and information systems in the Union.
The centre is expected to start operations in January 2013.

More information: http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/12/221