Cameron called for the country to pull together as he addressed an emergency session of the British parliament on Thursday after a calmer night across the country that saw massive numbers of police officers on the streets of London.
Rioters looted shops, set torched cars and buildings and attacked police stations in four nights of violence that spread from London to other cities including Liverpool, Manchester, Birmingham and Nottingham.
"The fightback has well and truly begun. This is a time for our country to pull together," Cameron told the House of Commons, which was recalled from its summer recess to discuss England's worst unrest in decades.
"To the law-abiding people, I say we will protect you. if you had your livelihood or property damaged, we will compenste you. We are on your side. To the lawless minority, I say this: We will track you down and we will punish you. You will pay for what you have done."
Cameron said authorities were looking at ways of stopping people communicating via social media websites if they were suspected of plotting "criminality and violence".
He said face coverings could also be banned if criminality was suspected and said authorities were considering whether wider powers of curfew for police were necessary. Current levels of policing will remain in place until the weekend, Cameron said.
A possible role for the army in preventing and tackling further rioting was also being discussed.
"It is the government's responsibility to make sure that every future contingency is looked at, including whether there are tasks that the army could undertake that might free up more police for the front line," said Cameron.
Cameron said on Tuesday that police had been authorised to use baton rounds and that contingency plans had been made for the use of water cannon in tackling further riots.
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