BRUSSELS PLOTS SECURING VULNERABLE EU EMISSIONS TRADING SYSTEM AGAINST FRAUD
February 2nd, 2011
BY KEITH NUTHALL
THE EUROPEAN Commission may this year release proposals to reduce the vulnerability of the European Union's (EU) emissions trading system (ETS) to fraud. Cyber-criminals launched a lucrative attack on its systems in January. How open is this ground-breaking system to fraud? Keith Nuthall reports.
EMISSIONS trading systems are complex, and like most electronic financial systems are vulnerable to the swift theft of vast sums of money because of the swift digital commercial environment in which they operate. As with many such frauds, there is ...
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