EU Signs Cyber-Security Agreement With Industry

The EU Commission recently launched a new public-private partnership on cybersecurity that is expected to trigger €1.8 Billion of investment by 2020.

This 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% 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% in 2015. This damages European companies, whether they are big or small, and threats to undermine trust in the digital economy. 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.

Andrus Ansip, Vice-President for the Digital Single Market, said: "Without trust and security, there can be no Digital Single Market. Europe has to be ready to tackle cyber-threats that are increasingly sophisticated and do not recognise borders. Today, we are proposing concrete measures to strengthen Europe's resilience against such attacks and secure the capacity needed for building and expanding our digital economy."

Günther H. Oettinger, Commissioner for the Digital Economy and Society, said: "Europe needs high quality, affordable and interoperable cybersecurity products and services. There is a major opportunity for our cybersecurity industry to compete in a fast-growing global market. We call on Member States and all cybersecurity bodies to strengthen cooperation and pool their knowledge, information and expertise to increase Europe's cyber resilience. The milestone partnership on cybersecurity signed today with the industry is a major step."

The action plan includes the launch of the first European public private partnership on cybersecurity. The EU will invest €450 million in this partnership, under its research and innovation programme Horizon 2020. Cybersecurity market players, represented by the European Cyber Security Organisation (ECSO), are expected to invest three times more. 

This partnership will also include members from national, regional and local public administrations, research centres and academia. The aim of the partnership is 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. Commissioner Oettinger has signed the partnership with the ECSO in Strasbourg.

The Commission also sets out different measures to tackle the fragmentation of the EU cybersecurity market. Currently an ICT company might need to undergo different certification processes to sell its products and services in several Member States. The Commission will therefore look into a possible European certification framework for ICT security products.

A myriad of innovative European SMEs has emerged in niche markets (e.g. cryptography) and in well-established markets with new business models (e.g. antivirus software), but they are often unable to scale up their operations. The Commission wants to ease access to finance for smaller businesses working in the field of cybersecurity and will explore different options under the EU investment plan.

The Network and Information Security Directive, which recently adopted by the European Parliament, already creates a network of Computer Security Incident Response Teams across the EU in order to rapidly react to cyber threats and incidents. It also establishes a ‘Cooperation Group’ between Member States, to support and facilitate strategic cooperation as well as the exchange of information, and to develop trust and confidence. The Commission calls on Member States to make the most of these new mechanisms and to strengthen coordination when and where possible. 

The Commission will propose how to enhance cross-border cooperation in case of a major cyber-incident. Given the speed with which the cybersecurity landscape is evolving, the Commission will also bring forward its evaluation of the European Union Agency for Network and Information Security (ENISA).

This evaluation will assess whether ENISA's mandate and capabilities remain adequate to achieve its mission of supporting EU Member States in boosting their own cyber resilience. The Commission also examines how to strengthen and streamline cybersecurity cooperation across different sectors of the economy, including in cybersecurity training and education.

Europa.eu

« Darktrace Cybersecurity Raises New Funding
Companies Should Tackle Cybercrime & 'take the fight to the criminals' »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

MIRACL

MIRACL

MIRACL provides the world’s only single step Multi-Factor Authentication (MFA) which can replace passwords on 100% of mobiles, desktops or even Smart TVs.

CYRIN

CYRIN

CYRIN® Cyber Range. Real Tools, Real Attacks, Real Scenarios. See why leading educational institutions and companies in the U.S. have begun to adopt the CYRIN® system.

DigitalStakeout

DigitalStakeout

DigitalStakeout enables cyber security professionals to reduce cyber risk to their organization with proactive security solutions, providing immediate improvement in security posture and ROI.

XYPRO Technology

XYPRO Technology

XYPRO is the market leader in HPE Non-Stop Security, Risk Management and Compliance.

Resecurity, Inc.

Resecurity, Inc.

Resecurity is a cybersecurity company that delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence.

QASymphony

QASymphony

QASymphony software testing and QA tools help companies create better software by improving speed, efficiency and collaboration during the testing lifecycle.

SonicWall

SonicWall

SonicWall provide products for network security, access security, email security & encryption.

Ethoca

Ethoca

Ethoca is a secure network for card issuers and merchants to connect and work cooperatively outside the payment network in a unique and powerful way.

OneSpan

OneSpan

OneSpan (formerly Vasco Data Security) is a global leader in digital identity security, transaction security and business productivity.

Sanderson

Sanderson

Sanderson is a recruitment company providing expert recruitment services in areas including Cyber & Information Security.

NTIC Cyber Center

NTIC Cyber Center

NTIC Cyber Center is an organization dedicated to making the National Capital Region (Washington DC) more resilient to cyber-attacks.

EuraTechnologies

EuraTechnologies

EuraTechnologies, the French incubator and accelerator, is a centre of excellence and innovation for startups and entrepreneurs with a focus on Digital, Data, Cybersecurity and IoT.

Cyber Security Cloud (CSC)

Cyber Security Cloud (CSC)

Cyber Security Cloud provides web application security services worldwide using world's leading cyber threat intelligence and AI technology.

Transmit Security

Transmit Security

The Transmit Security Platform provides a solution for managing identity across applications while maintaining security and usability.

EnigmaSoft

EnigmaSoft

EnigmaSoft is known for its PC anti-malware remediation utility and service under the tradename SpyHunter.

Redhorse

Redhorse

Redhorse provides top-tier consulting to help clients address mission-critical government problems in National Security, Networking Technology, Energy and the Environment.

Comcast Business

Comcast Business

Comcast Business keeps businesses ready for what’s next with powerful connectivity, advanced cybersecurity solutions, and the right people at your side.

Deeper Network

Deeper Network

Deeper Network represents the world's first decentralized blockchain network for building a truly private, secure and fair Internet.

Trisul Network Analytics

Trisul Network Analytics

Trisul helps organizations deploy full spectrum deep network monitoring which can serve as a single source of truth for performance monitoring, security analytics, threat detection and compliance.

ATSG

ATSG

ATSG is a global leader in transformational technology solutions for today’s digital enterprise. Cybersecurity ranging from Advisory & Assessment to Fully Managed Detection and Response Services.

Xeol

Xeol

Software free of vulnerabilities, built and distributed by trusted entities. Our mission is to help customers secure their software from code to deploy.