The Metropolitan Police have announced their intention to work with the City of London, creating closer links with the UK financial sector to crack down on cyber-crime.

The new Cyber-crimes unit, which was launched at the start of October, is focused with dealing with crimes such as DDoS, malware, phishing, hacking attempts.

The unit will work with the City of London police to investigate crimes against London’s financial district.

A spokesman for the Met said: ““The unit will investigate all types of cyber-crime, but officers are keen to liaise more closely and strengthen our relationship with banks and other financial institutions”.

The Police Central e-Crime Unit (PCeU), which has now been replaced by the new MPS Cyber Crime Unit, had saved the UK around £1 billion over the last two and a half years.

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