EC announced that EU institutions have reached a political agreement, subject to formal approval by the European Parliament and European Council, for development of the Cybersecurity Competence Center and the Network of National Coordination Centers. This initiative is intended to improve and strengthen technology and industrial cybersecurity capacities of EU and help create a safe online environment. Following this, member states will confirm the agreement on December 18 during the Committee of the Permanent Representatives of the Governments of the Member States to EU. The formal adoption from European Parliament and the Council is expected to take place in January 2021. EC will then start setting up the Cybersecurity Competence Center.
The Cybersecurity Competence Center will be located in Bucharest. The Cybersecurity Competence Centre and Network will help EU and member states to take a proactive, longer-term, and strategic perspective to cybersecurity research, development, and industrial policy. This approach should help not only to come up with breakthrough solutions to the cybersecurity challenges which the private and public sectors are facing, but also support effective deployment of these solutions. The Center and the Network together will enhance technological sovereignty through large-scale cybersecurity projects in areas such as Cyber Threat Intelligence, Cyber secured hardware and operating systems, and security certification. Furthermore, they will allow relevant research and industrial communities, as well as public authorities, to gain access to key capacities, such as testing and experimentation facilities, which are often beyond the reach of individual member states due to insufficient financial and human resources.
Related Link: Press Release
Keywords: Europe, EU, Banking, Insurance, Securities, Cyber Risk, Cybersecurity Competence Center, Network of National Coordination Centers, Cyber Threat Intelligence, Cybersecurity Certification, EC
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