EU looks to extra spending, diplomacy to bolster cyber security
BRUSSELS/FRANKFURT (Reuters) – The European Commission wants to bolster cyber security in the EU by increasing investment in technology, setting stricter consumer safeguards and stepping up diplomacy to deter attacks by other nations, among other measures.
The Commission is due to announce its proposals in a report later this month, a copy of which was obtained by Reuters on Wednesday. It also argues for greater national and law enforcement cooperation to halt incoming attacks.
The report calls for a short-term injection of additional EU spending to achieve both a critical mass of investment and overcome fragmentation within the region, calling a previous 2016 plan to spend 1.8 billion euros ($2.1 billion) by 2020 a “first step”.