With a budget of only about $90 million (U.S.), Interpol was created, in part, to fight drug trafficking and human trafficking worldwide, and now it has taken on Internet crimes without any direct increase in funding. Runald concludes, "there's not enough resources to do this, and not enough coordination to do this."
He suggests that the European Union, the U.S., and maybe the G8 could fund such an organization. Even the United Nations might get involved. "Whether it's Interpol getting more funding or the U.N. spear-heading, it doesn't matter. The whole point was to raise the topic for discussion."
Runald also said some industries are reluctant to disclose how much is lost to cybercrime. Certainly banks don't disclose how much is lost due to phishing attacks. "If that was well known that might convince governments to help fund this type of organization."
Listen now: Download today's podcast