The grants are the first to be made under McAfee’sInitiative to Fight Cybercrime – launched last October – and will part-fundprogrammes aimed at law enforcement agencies, prosecutors and judges.
McAfee CEO Dave DeWalt warned that levels of online crimewere bound to increase during the recession, adding: “A lot has been done tocombat cybercrime over the past decade but criminals still have the upper hand.”
The Council of Europe was set up to develop, in its ownwords “common and democratic principles” based on the European Convention onHuman Rights and other reference texts on the protection of individuals.
It has been at the forefront of European efforts to fightonline criminals, having developed the Convention on Cybercrime, aninternational treaty allowing prosecution of hackers, fraudsters and the like.
McAfee also revealed that Visa and the Merchant Risk Councilhave signed up to its cybercrime advisory body – currently chaired by formerWhite House security advisor Howard Schmidt – to provide new insight intoeffective means of fighting online ne’er-do-wells.