Microsoft Launches High-Tech Cybercrime Center

The efforts to hamper the work of cybercriminals via something like the Microsoft Cybercrime Center is always a welcome sight. Anytime you can welcome an entity with the resources of a Microsoft with its high-tech Cybercrime Center to fight on your side in the battle against online crime, it is a good thing, said one security expert.

Redmond has historically been tough on illegal online activity, but now Microsoft Relevant Products/Services is kicking it up a notch with its new Cybercrime Center. On Thursday, the company vowed to get a little tougher on Internet crime.
According to the company’s research, 50 percent of online adults were cybercrime victims last year. What’s more, cybercrime costs the global economy up to $500 billion annually. And it’s not all mega corporations. Microsoft figures 20 percent of small and medium-size businesses have been targeted.

“There are nearly 400 million victims of cybercrime each year. And cybercrime costs consumers $113 billion per year,” said David Finn, associate general council for Microsoft’s Digital Crimes Unit. “We understand that there’s no one single country, business or organization that can tackle cybersecurity Relevant Products/Services and cybercrime threats alone. That’s why we invest in bringing partners into our center Relevant Products/Services — law enforcement agencies, partners and customers — into this center to work right alongside us.”

Sourse: cio-today.com

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