Cybercrime is estimated to cost the global economy upwards of US$400 billion a year, and these costs are expected to continue to rise.
South Korea and Japan on Saturday vowed to work closely with the US to combat cyber crime, after Seoul blamed North Korea for a crippling cyber attack on Sony Pictures.
Cyber crime is a serious threat to safety in the skies, aviation industry heavyweights said, vowing to fight the growing scourge before it causes a catastrophic incident.
A new Interpol centre to be opened in Singapore next year will strengthen global efforts to fight increasingly tech-savvy international criminals, officials said on Tuesday.
It's already a booming market in the United States, but in Europe, companies are also waking up to the idea of cyber insurance to protect themselves against Internet attack.
Existing criminal offences which feature the use of computers could be treated in the same way as offences involving driving suggest researchers.
A group of lawmakers proposed legislation Thursday that would deny US entry and freeze the assets of foreign nationals involved in hacking or cybercrimes targeting the United States.
A self-proclaimed leader of the LulzSec international hacking group has been arrested in Australia, police said, charging him with attacking and defacing a government website.
The Czech Republic has been hit by an unprecedented wave of cyber attacks this week, with investigators stumped over their origin amid concerns they could lead to worse mayhem.
Hackers have claimed the scalp of the South African Ministry of State Security's Twitter account, underlining concerns that Africa may be the soft underbelly of global cyber security.