EU plans $2B investment in cybersecurity research

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.

To read this article in full or to leave a comment, please click here