Under the partnership, the EU commission said it will invest €450 million ($498.2m) under research and innovation programme Horizon 2020, while ECSO will invest €1,3 billion ($1.4bn) through to 2020 to improve R&D in cybersecurity solutions amongst its member states.
The collaboration aims to increase public-private partnership for the development of cybersecurity technologies to secure the energy, health, transport and finance infrastructure.
The funds will be distributed to businesses, universities and researchers to implement cybersecurity measures in order to foster cooperation in the early stages of the research and innovation process. [Cybersecurity to dominate EU utilities’ IT spend, says report].
In related news, Poland’s Ministry of Digitisation, in partnership with data networks operator Research and Academic Computer Network, launched a new cybersecurity facility to boost collaboration in the development of cybersecurity solutions in Warsaw.
The established National Cybersecurity Centre will focus on research, operational tasks, training and analytics. [SGIP issues recommendations on utility cybersecurity projects].
General Włodzimierz Nowak, advisor to the Polish digitisation minister, said: “Close collaboration between the banking, transport, energy and telecommunications sectors and NASK, alongside other institutions responsible for the country’s cybersecurity, allows us to monitor and analyse any unwanted threats.”
In early April, global independent safety science company UnderWriter Laboratories (UL) also launched a new programme for testing and further development of cybersecurity solutions.
In a press statement, the US headquartered company said its Cybersecurity Assurance Program (UL CAP) aims to assess security risks of cybersecurity technologies to help developers improve their solutions.
The UL CAP will use the company’s new standards ‘UL 2900’ to test both hardware and software vulnerabilities, minimise exploitation, address known malware, review security controls and increase security awareness.
Rachna Stegall, director of Connected Technologies at UL, said: "The more devices become interconnected, the greater the potential security risks to products and services across all sectors.”