The Convention on Cybercrime, also known as the Budapest Convention on Cybercrime or the Budapest Convention, is the first international treaty to combat cybercrime, harmonizing national laws, improving investigative techniques and strengthening cooperation between nations.   It was developed by the Council of Europe in Strasbourg, France, with the active participation of the observer states of the Council of Europe, Canada, Japan, the Philippines, South Africa and the United States. Since its entry into force, major countries, such as Brazil and India, have refused to accept the agreement on the grounds that they had not been involved in its development. Russia opposes the convention and states that acceptance would violate Russian sovereignty and has generally refused to cooperate with criminal investigations into cybercrime. It is the first legally binding multilateral instrument to regulate cybercrime.  Since 2018, following an increase in cybercrime, India has resumed its position on the Convention, although concerns remain about the exchange of data with foreign authorities.  The COE is launching two three-year projects to combat cybercrime. Global Action on Cybercrime (GLACY) is a… Supporters of the Convention say it would be a major step forward in the fight against cybercrime, as it forces signatories to vigorously pursue cybercrime – something many countries are not currently doing. Council of Europe officials say the Convention will end the «feeling of impunity» of cybercriminals.
5 By imposing sanctions and punishing cybercrime for offences that can be extradited, the Convention will strengthen deterrence and reduce the number of countries where criminals can escape criminal prosecution. Supporters also say that the procedures of the Convention on Evidence Gathering will help law enforcement agencies fight terrorism. In general, the information technology industry in the United States supports the convention and sees it as a contribution to raising international legal standards for cybercrime to those already in place in the United States6.6 Its main objective, outlined in the preamble, is to pursue a common criminal policy to protect society from cybercrime, including through the adoption of appropriate legislation and the promotion of international cooperation. U.S. Department of Justice, «Frequently Asked Questions About the Council of Europe Convention on Cybercrime» www.usdoj.gov/criminal/cybercrime/coefaqs.html.