Job cuts at Cybercrime Agency may cause havoc

The Times Online reports that The Serious Organised Crime Agency (SOCA) which was launched last year will have to reduce its headcount by 400 when the Home office announces its budget this week.

The cut will represent around 10 percent of its 4,400 staff and will put increasing pressure on the remaining workforce. The announcements couldn't come at a worst time, especially after Finjan and MI5 have issued reports that there is an increased risk of Industrial Espionage coming from Eastern Countries like Russia or China.

The National Crime Squad, the National Criminal Intelligence Service, the National Hi-Tech Crime Unit (NHTCU) and the Immigration Service's unit dealing with people trafficking merged to form the SOCA, the UK answer to the US' FBI.

Some have criticised the UK government for sending all the wrong signals at a time when trust needs to be restored in the way the UK government handles security and privacy issues.