From the Summary: "Forty-two countries, including the United States, have signed the Council of Europe's Convention on Cybercrime of November 2001. The Convention seeks to better combat cybercrime by harmonizing national laws, improving investigative abilities, and boosting international cooperation. Supporters argue that the Convention will enhance deterrence, while critics counter it will have little effect without participation by countries in which cybercriminals operate freely. Others warn it will endanger privacy and civil liberties. This report will be updated as events warrant."
CRS Report for Congress, RS21208