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European Union Launches Cybersecurity Public-Private Partnership

Wednesday, July 13th, 2016

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The European Commission (EC), the European Union (EU)’s executive cabinet branch, launched its first public-private partnership (PPP) on cybersecurity July 5, which expects to raise nearly $2 billion of investment by 2020.The partnership is part of a larger set of new EU initiatives to strengthen Europe’s defenses against cyber attacks and competitiveness in the cybersecurity sector, the EC said.Under the EC’s action plan, the EU will invest almost $500 million in the PPP under its Horizon 2020 research and innovation program.…

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