EU's cyber-crime to attack

EU's cyber-crime to attack

World July 5, 2016 06:48

brussels - European companies are consistently hindered by cybercrime. To combat this, the European Commission, governments and businesses a public-private partnership that in 2020 is expected to 1.8 billion will have been invested in cyber security.

Brussels joins forces with industry and governments because 80 percent of all businesses or have experienced problems with cybercrime. The number of cyber' incidents rose by 38 percent last year. It is vital to develop innovative and secure technologies, said EU Commissioner Günther Oettinger on Tuesday at the launch of the initiative in Strasbourg.

The EU puts 450 million euros in the joint venture, through the research program Horizon 2020. That amount should be tripled from the market.
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