As the world falls prey to internet crime, many users are still oblivious to this sad reality. Internet has utmost importance in today’s world and many economies will prosper only if they keep their head straight and secure their information or could be prone to losing much more than mere money.

The current situation in EU

The current economic situation in Europe isn’t very pretty, considering loss of billions of dollars and rise in computer security breaches reported by small to large scale firms, which the companies are not reporting, trying to avoid a panic situation in the continent.

According to statistics conducted by an EU body, nearly 71% of their business, industry and government are dependent on the internet for its prime operations and in case these breaches are not checked, the whole European Union could experience extreme disaster.

The recent European Network and Information Security Agency (ENISA) emphasized on a sequence of supervisory breaches in European Union’s cyber laws. Conclusively, ENISA confessed that the security breaches are concealed and are not shared with the media and community.

According to the report there were five chief cyber events which completely went unacknowledged, including a major 'IP hijacking' case in which China Telecom nursed inappropriate routing information inculcating the United States of America and other global internet measures via Chinese servers absorbing over 15% of universal internet practice in fewer than twenty minutes.

In another report, Dr Marnix Dekker and Chris Karsberg conceded that “cyber incidents are most usually retained secret, leaving customers and policymakers in the black about incidence, influence and derivative causes.” The report further briefed that the "nonexistence of clearness and absence of evidence about events makes it problematic for strategy manufacturers to comprehend the inclusive influence”.

Beneath the European Union Telecoms notion implemented in 2009, amenity providers are mandatory to report "entirely substantial security fissures" to ENISA and general data administrators. Temporarily, requirements of the lately approved e-privacy instruction necessitate service providers to imply altogether security intervals cooperating individual facts.

To top it up, ENISA exposed that it had established 51 event reports for this year, implying that it would distribute a summary of cyber-security fissures in September and yearly reports from spring 2013 forwards.

Internet Security and its stance

Only a few years ago, around 7 per cent of the universal populace was consuming the internet. The iPad, iPhone and other tablets had not been designed and major internet corporations were still in transit. The European Union had merely 15 affiliated states; there was no mutual currency and no international fiscal disasters. There were no smartphones with spy applications, such as mobile spy and Mobistealth. Expansions in the cybernetic world will be far quicker than in the actual world and we will instantly complete the influence of decent and depraved progresses. Three unsolicited changes can be singled out. Intimidation, intelligence and systematized crime will mature and take control of the virtual world. Of course there's also the problem of malware such as iPhone spyware and Android spyware.

The European Cybercrime Centre has got strong leadership on its responsibilities and duties and this can be read in detail in the European Cybercrime Centre that issued its own operational verdict, “Our primary task will be assisting member states in preventing, disrupting, investigating and prosecuting cybercrime. For, organized crime networks are increasingly migrating and developing their traditional criminal activities from the off-line world to the online world”.

Author Bio: Stella Rebecca's major effort has revolved around latest gadgets. Recently she's been playing with the many android spy app features that are diverting the interest of the new generation. Readers can find out more about what's most recent and happening in the spy world..