As digital transformation is accelerating around the world and an increasingly larger share of the interactions is hosted online, citizens, companies and governments are being more and more exposed to cyber threats and digital crimes. As a consequence of a network-enabled, interconnected economy and society, cybersecurity and privacy are areas of major policy concern. Hacked and breached data are becoming especially more common as a result of using connected devices powered by the Internet of Things. The COVID-19 pandemic also had an impact on cybercrime that has soared since the start of the outbreak.
The Council of the European Union in its conclusions on ‘Shaping Europe's Digital Future’ underlined the importance of cybersecurity as “a key component for a digitalised Single Market, as it ensures trust in digital technology and the digital transformation process”. The EU also supports the need for a coordinated approach to mitigate risks related to cybersecurity and to ensure a secure 5G deployment.
In this context, this policy brief has two main goals. First of all, it provides new evidence on EU strengths and weaknesses in cybersecurity technologies and about the potential of the European cybersecurity industry. Secondly it reviews EU and national level policies and measures that can enhance cybersecurity capabilities and stimulate a stronger cybersecurity industry.