Internet hackers will face significantly tougher criminal penalties after a new draft resolution was passed in the European Parliament with an overwhelming majority.

"We are dealing here with serious criminal attacks, some of which are even conducted by criminal organisations. The financial damage caused for companies, private users and the public amounts to several billions each year" said parliament rapporteur Monika Hohlmeier.

Those who intercept private data or simply gain access to protected databases will face at least two years in prison. Meanwhile, those who organize mass online attacks or cause financial damage with their actions can be imprisoned for at least five years.