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European Union’s police coordination agency opened a new cybercrime unit in Hague.

The European Union’s police coordination agency opened a new cybercrime unit Friday to combat online offenses from banking fraud to peddling images of child sex abuse.

But as the European Cybercrime Centre, or EC3, formally opened its doors at Europol’s Hague headquarters, European Home Affairs Commissioner Cecilia Malmstrom conceded it will be playing catch-up with organized crime gangs reveling in a “Golden Age” of cybercrime.

Online criminals, she said, “are ahead of us when it comes to imagination and cooperation.”

Europol is fighting back with experts huddled around computer screens in blue-lit “labs,” monitoring internet traffic and able to retrieve data users believe they have deleted from their cell phone or computer hard disks. READ MORE HERE