Cyber spies are costing us billions

AN INTERNET crime centre should be set up by the Rudd Government so people can report spam, data loss, online scams and web fraud, a report by the Australian Strategic Policy Institute says.

The report by Alastair MacGibbon, a cyber security expert, says the Government needs to impose tighter control on ”backyard” internet providers and adopt an enforceable code of conduct.

It says the Government has been slow and reactive and failed to combat cyber crime and espionage, which cost billions of dollars a year and threaten the security of government agencies and businesses.

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