Commission Signs Agreement with Cyber Industry on Security and Steps Up Efforts to Tackle Threats

Interesting news for our HSD partners: "The Commission today launches 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." For the security clusters this means more access to capital.