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EU plans $2B investment in cybersecurity research

Discussion in 'Network World' started by RSS, Jul 5, 2016.

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    RSS New Member Member

    The European Union is stumping up €450 million ($500 million) to fund research into cybersecurity -- and wants industry to contribute three times that.

    The EU's executive body, the European Commission, is concerned about the vulnerability of the EU economy to cyberattacks, warning in a report Tuesday that they "could undermine the digital single market and economic and social life as a whole."

    The $2 billion cybersecurity public-private partnership (cPPP) is intended boost cross-border research into cybersecurity, and to aid development of security products and services for the energy, health, transport and finance industries, the European Commission said Tuesday.

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