From: TelecomTV
By Guy Daniels
- EU launches first European public private partnership on cybersecurity
- Will invest €450 million under its Horizon 2020 programme
- Private sector, via ECSO, is expected to invest three times more
- Strengthen the competitiveness of Europe’s cybersecurity sector
The European Commission (EC) has this morning launched a new public-private partnership on cybersecurity that it believes will trigger €1.8 billion of investment by 2020. This is part of a series of new initiatives to better protect European businesses and organisations against cyber-attacks and to strengthen the competitiveness of the region’s cybersecurity sector.
The EC quotes a recent study from PWC that suggests that at least 80 per cent 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 per cent in 2015. It is also worth noting, tough, that the same PWC survey reveals that organisations are responding and are adopting technologies such as cloud-enabled cybersecurity, Big Data analytics and advanced authentication to reduce cyber-risks and improve cybersecurity programmes – in total, 91 per cent of surveyed firms said they follow a risk-based cybersecurity framework.
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