Juncker announces massive cyber security overhaul

The European Commission will add funds and new powers for the EU cyber security agency and introduce a range of measures to limit threats from hackers, Commission President Jean-Claude Juncker announced in his annual state of the union speech on Wednesday (13 September).

Cyber security attacks can be “more dangerous to the stability of democracies and economies than guns and tanks,” Juncker said during his address to the European Parliament.

He made a brief reference to the new cyber security proposals during his speech, which lasted more than one hour.

Juncker got to the point by citing the figure of “more than 4,000 ransomware attacks per day” in the last year and said that “80% of European companies experienced at least one cyber security incident” in that period.

Earlier this year, businesses and national cyber security authorities across the EU were shaken by large-scale hacking attacks, like the WannaCry and Petya viruses.

“Cyber attacks know

... read more at: http://www.euractiv.com/section/cybersecurity/news/juncker-announces-massive-cyber-security-overhaul/

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