The Metropolitan Police Department is planning a new research organization to tackle the nation's growing cybercrime problem, police sources have said.

Modeled after a U.S. public-private alliance that's been formed to identify and neutralize cybercrime threats, the institution will be launched as early as October with a staff of around 20 and receive technical advice from a contracted information security company, the sources said Saturday.

It will analyze hacking techniques and threats targeted at the financial industry, such as virus attacks designed to compromise bank accounts.

Staff trained at the organization will provide technical guidance to police officers investigating cybercrimes, the sources said.