The European Commission has signed an agreement to invest €450m in business, universities and other researchers investigating cybersecurity over the next few years. In a joint statement on Wednesday, EU leaders said they would “continue our efforts to strengthen cooperation between national authorities as well as with international partners such as Google, Facebook, Microsoft and Yahoo”. Ultimately, there are plans to eventually establish a certification framework to regulate cybersecurity products and services across the European Union.
The European Commission has signed an agreement to invest €450m in business, universities and other researchers investigating cybersecurity over the next few years. The outlay will stimulate private-sector investment of approximately €1.4bn in cybersecurity by 2020, the EC said. Ultimately, there are plans to eventually establish a certification framework to regulate cybersecurity products and services across the European Union.