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European Commission supports research on Cyber security

Cyber security is considered a primary target for every governments, the increase of cyber criminal activities, state-sponsored operations and the raise of hacktivism requires the use of additional resources to counteract these phenomena. The European Commission has announced an increase to planned cyber security budget by 14% through 2020. The total amount of money allocated will be not sufficient to cover the needs in cyber security area, it must be considered also that it will be reserved to realize different ambitious and costly projects. The cost of cybercrime is estimated at over 750 billion annually in wasted time, lost business opportunities and the expense of fixing problems.”]

Source: https://securityaffairs.co/wordpress/10624/security/european-commission-supports-research-on-cyber-security.html

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