833-847-3280
Schedule a Call

EU Recognizes and Acts on Cybersecurity Needs with $1.8 Billion Plan

In an effort to meet today’s ever-evolving cybersecurity needs, the European Union (EU) announced the launch of a new cybersecurity-industry partnership on July 5 with an expected investment of $1.8 billion by 2020.

According to the EU’s press release, the partnership “is part of a series of new initiatives to better equip Europe against cyber-attacks and to strengthen the competitiveness of its cybersecurity sector.” The release presents research from a recent survey on cybersecurity incidents. The survey found that the number of cybersecurity incidents increased by 38 percent worldwide in 2015.

As cybersecurity incidents and threats increase, governments and businesses around the world have to take more steps to defend themselves. Based on their new initiatives in the cybersecurity industry, it would appear that the EU recognizes this. It’s crucial that businesses of all sizes are wary of the threats they face and the consequences that could arise if an incident occurs in their company.

In the commission’s plan, they noted a desire to “reinforce cooperation across borders” and throughout the various sectors of cybersecurity. The release quoted multiple leaders in the EU’s cybersecurity industry including the vice president for the Digital Single Market, Andrus Ansip. Ansip said: “Europe has to be ready to tackle cyber-threats that are increasingly sophisticated and do not recongise borders.”

While this commission focuses solely on EU countries, the core purpose and message of the plan crosses all borders from the U.S. to China: effective, growing cybersecurity is essential for the function of businesses and countries, small or large. Recognizing the gravity of cyber-threats today is essential for growth.

Hackers, Phishers and other cyber-attackers are continuously working to improve and adapt their efforts to overcome governments’ and businesses’ cybersecurity. The only proper response is to match and supersede their efforts; and it would seem the EU is attempting to do just that.

If you’re ready to protect your organization from cyber-threats, start working with the MainNerve team today.

Latest Posts

A transparent image used for creating empty spaces in columns
With the release of PCI DSS 4.0, penetration testing is no longer viewed as just a once-a-year checkbox item. Instead, the standard takes a dynamic, risk-based approach that aligns testing with real-world threats, changes in system environments, and evolving business operations. Rather than applying a…
A transparent image used for creating empty spaces in columns
Penetration testing is one of the most powerful tools in an organization’s cybersecurity arsenal. But a test is only as valuable as the action it inspires. Too often, penetration test reports are treated as one-off exercises or compliance checkboxes. The real value comes when those…
A transparent image used for creating empty spaces in columns
As cyber threats grow more complex and persistent, regulatory frameworks like PCI DSS 4.0 have evolved to demand more rigorous and transparent security practices. One of the key updates in PCI DSS 4.0 is the enhanced requirement for penetration testing reports, pushing organizations to go…
A transparent image used for creating empty spaces in columns
A penetration test, also known as a pen test, is a crucial cybersecurity measure that enables organizations to identify vulnerabilities in their networks, applications, and security controls. However, the real value of a penetration test lies in how well an organization can interpret the findings…
A transparent image used for creating empty spaces in columns
The release of PCI DSS 4.0 introduces significant enhancements to the security landscape, particularly in the area of security controls and penetration testing. While penetration testing has always been a critical component in identifying vulnerabilities within a network or system, the updated PCI DSS standards…
A transparent image used for creating empty spaces in columns
Social engineering attacks remain one of the most effective ways cybercriminals gain access to sensitive information, systems, and financial assets. Phishing, pretexting, baiting, and other manipulative tactics exploit human psychology, making it difficult to defend against using technical measures alone. Organizations often use social engineering…
contact

Our Team

Name(Required)
This field is for validation purposes and should be left unchanged.
On Load
Where? .serviceMM
What? Mega Menu: Services