EU starts €1.8 billion cyber security plan
The EU has signed an agreement with industry on cybersecurity and stepped up efforts to tackle cyber-threats which it hopes will trigger €1.8 billion of investment by 2020. It would be a big help to security suppliers, if the UK remained in the EU.
The new public-private partnership is part of a series of new initiatives to better equip Europe against cyber-attacks and to strengthen the competitiveness of its cybersecurity sector.
According to a recent survey, at least 80 percent of European companies have experienced at least one cybersecurity incident over the last year and the number of security incidents across all industries worldwide rose by 38 percent in 2015. As part of its Digital Single Market strategy the Commission wants to reinforce cooperation across borders, and between all actors and sectors active in cybersecurity, and to help develop innovative and secure technologies, products and services throughout the EU.
