The EU Commission has launched a new public-private partnership on cybersecurity as part of its Digital Single Market strategy. This new initiative intends to make Europe more competitive in the cybersecurity sector and better equipped to handle cyber-attacks. The EU will invest €450 million into the initiative, with cybersecurity companies expected to invest up to three times this figure. With at least 80% of European companies experiencing at least one cybersecurity attack over the last year, the Commission hopes the move will reinforce cross-border and cross-sector cooperation, as well as aid in the development of innovative and secure products, technologies and services across the EU.

Press release