From: The Baltic Course

Eugene Eteris, European Studies Faculty, RSU

Three main issues are combined in the modern EU cybersecurity agenda: stepping up cooperation among EU states, creating European cybersecurity single market and cybersecurity public private partnership. Commission clarified EU cybersecurity issues concerning all member states for a long-term period.

Impact of cybersecurity incidents could cause major economic damage of hundreds of billions of euros each year to European businesses and the economy at large. Such incidents undermine trust in the digital society as well. Theft of commercial trade secrets, business information and personal data breaches, disruption of services and of infrastructure result in economic losses of hundreds of billions of euros each year.

According to a recent survey, at least 80% of companies in Europe have experienced at least one cybersecurity incident over the last year and the number of security incidents across all industries worldwide rose by 38% in 2015, compared to 2014.

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