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September 21, 2010 How Internet Crime Can be Fought Internationally

Global Economic Symposium Session Preview No. 8


Internet crime is on the rise, whether it involves fraud or spying. In most cases, the perpetrators are hackers. Internet crime is the fastest growing type of cross-border crime. US statistics bear witness to this. Last year, internet crime in the US cost 560 million dollars, as opposed to 265 dollars the year before. According to the US telephone company Verizon, 35 percent of all virus and trojan infections involve industrial espionage. Increasingly, institutions are being created in the US and Europe to counter this problem.

What role can the private sector play in the fight against Internet crime? How can countries such as Russia, India, and China be included in this fight? How can security measures and privacy rights be properly balanced? These are the kinds of questions that the Global Economic Symposium, which is being held by the Kiel Institute for World Economics (IfW) and the German National Library of Economics (ZBW) in Istanbul in late September, will attempt to answer.

Possible answers are already beginning to take shape on the web forum of the Global Economic Symposium, where experts can already discuss in advance the topics to be dealt with at the symposium. According to one suggestion on the forum of the session “Cybercrime, Cybersecurity and the Future of the Internet”, potentially criminal hackers need to be identified early in their career. Further, it would be important to use their abilities for constructive Internet-based activities, rather than to lock them away.

The Kiel Institute and the German National Library of Economics would like to invite you to attend the symposium.

About the Global Economic Symposium

Istanbul will be turned in a think tank on September 28-29. More than 400 high-ranking experts from business, academia, government, and society will meet in Istanbul for the Global Economic Symposium (GES). The GES, which is being held by the Kiel Institute for the World Economy (IfW) and the German National Library of Economics (ZBW), is being held for the third time, and for the first time outside of Germany. Among the expected participants are Shumeet Banerji (CEO, Booz & Company), Hans-Paul Bürkner (President und CEO of the Boston Consulting Group), Abdullah Gül (President, Republic of Turkey), Recep Tayyip Erdoğan (Prime Minister, Turkey), Ali Babacan (Turkish Deputy Prime Minister and Minister of State), Ömer Dinçer (Turkish Minister of Labor and Social Security), Yves Leterme (Prime Minister, Belgium), George Papaconstantinou (Greek Minister of Finance), Mehmet Şimşek (Turkish Minister of Finance), Jürgen Stark (Member of the Executive Board, European Central Bank), James P. Leape (WWF Director General), Thomas Mirow (President, European Bank for Reconstruction and Development), John M. Deutch (Professor of Chemistry, MIT; Former Director of CIA), and the Nobel Laureates in Economics Eric S. Maskin (School of Social Science, Princeton), and Edmund Phelps (Columbia University).

The Kiel Institute’s media agency will be happy to receive your media-accreditation:

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