14 Jul Launch of the first European public private partnership on Cybersecurity – €1.8 billion of investment by 2020 to tackle cyber-threats
Launch of the first European public private partnership on Cybersecurity – €1.8 billion of investment by 2020 to tackle cyber-threats
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. 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.
Cybersecurity market players, represented by the European Cyber Security Organisation (ECSO), are expected to invest three times more than before. 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.
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.
Günther H. Oettinger, Commissioner for the Digital Economy and Society, signed the partnership with the ECSO in Strasbourg.