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.
