EU Cybersecurity in the Context of Increasing Cyberthreats in the Modern Globalized World

Abstract

The article is an attempt to analyze the EU’s ever-increasing cybersecurity challenges in today’s globally digitalized world. The researcher remarks that since 2013 the European Union has been pursuing the policy of developing awareness of cyber-attacks targeting and beefing-up restrictive measures. The author underlines that the European Council has adopted the regulation known as the Cybersecurity Act to become more cyber-proof. This is evidenced by a number of studies carried out within the EU as well as that this legal regulation facilitated imposing targeted restrictive measures to deter and respond to cyber-attacks in EU and abroad. Furthermore, the EU cybersecurity market is one of the fastest growing in the ICT sector, providing huge economic opportunities. Underpinning the cybersecurity industry will enable European companies to take advantage of these opportunities and increase citizens and businesses’ confidence in the digital world, while significantly contributing to the goals of the EU Digital Single Market Strategy. Broadly speaking, the problem can be addressed by such strategic priorities for enhancing EU cybersecurity as followed: achieving cyber resilience; dramatically reducing cybercrime; elaborating the common cybersecurity and defence policy; developing industrial and technological resources to ensure cybersecurity; establishing coordination mechanisms to prevent, detect, mitigate and respond to cyber bullying and information security as well as improving engagement with the private sector to enhance cybersecurity. The ultimate goal of the above-mentioned EU strategy appeared to be a Public Private Partnership (cPPP) that was concluded on 5 July, 2016 between the European Commission and the European Cyber Security Organization (ECSO). The objective of such partnership is to ensure awareness and resilience in an increasingly multifaceted cyber threat environment and to foster collaboration between public and private actors in the early stages of the research and innovation process to enable the EU Internet users to access secured innovative and credible European solutions (ICT products, services and software).