Nytex

EC to invest EUR 450 mln in new cybersecurity partnership 

The European Commission has announced the launch of a new public-private partnership on cybersecurity by pledging to invest EUR 450 million under its research and innovation programme Horizon 2020. Private cybersecurity groups, represented by the European Cyber Security Organisation (ECSO), are expected to invest three times more, bringing the total to EUR 1.8 billion by 2020, said the EC in a statement. The partnership will also include members from national, regional and local public administrations, research centres and academia, with the first call for proposals set to be published in early 2017.

Citing research indicating that at least 80 percent of European companies have experienced at least one cybersecurity incident over the last year, the EC said the ultimate aim of the new public-private partnership will be to foster cooperation at early stages of the research and innovation process and to build cybersecurity solutions for various sectors, such as energy, health, transport and finance. The partnership was first announced as part of the Digital Single Market strategy back in May 2015.

The EC also set out different measures to tackle what it described as the fragmentation of the EU cybersecurity market, including a possible European certification framework for ICT security products and a network of computer security incident response teams across the EU to be set up under the new Network and Information Security Directive.

Source: Telecom Paper