"Know-how recognises no boundaries," explained Bit's chief executive, Wolfgang Schaffer, "and that applies to cybercrime as well. Today, as borders within Europe open ever wider, holistic and cross-border education is essential for expanding everyone's horizons. We believe that it is essential to offer our clients throughout Europe the best, vendor-neutral courses that will help them avoid becoming victims of cybercrime or, if they do become victims, will help them find the culprits and prevent the same thing happening again."

According to SSR-I's Rajive Kapoor, many organisations do not understand the scope and extent of these threats to their systems. "Managers, especially those in the IT department, can underestimate the part played by the human element in allowing cybercrime to flourish. To counter this, they need to consider enterprise education at all levels", he said.


"Industry spent millions to combat the millennium bug - and nothing happened! But unlike the millennium bug, cybercrime exists - and the losses due to cybertheft are considerably more than what we spent on the millennium bug.

"We can't eradicate cybercrime but, through proper training, we can reduce its results to a minimum," he added. "Education and understanding the issue comes first; then prevention."