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How the EU plans to strengthen cybersecurity
Cybersecurity is becoming increasingly important not only within the commercial segment, but also for states in general. Understanding the importance of the threats posed by hackers and Internet fraudsters, the European Union decided to develop an innovative platform aimed at identifying the cyber threat, analyzing its level of severity and finding a method of elimination. For this purpose, the European Investment Bank will allocate 15 million euros. A corresponding agreement has already been signed between the financial institution and EclecticIQ from the Netherlands. The latter is engaged in the development of modern technologies in the field of cybersecurity. The last one is engaged in development of advanced technologies in the field of cyber security. EclecticIQ products are designed to meet the needs of specific businesses and help identify and respond to threats from the Internet.
The project will be funded by the EU through a European fund that is responsible for strategic innovation. Thus, EclecticIQ will receive funds that will be used to improve its cyber security platform. In addition, the company will use the investment to expand its activities and enter new markets.
According to EclecticIQ, large corporations and government organizations are the most vulnerable to hacker attacks, which means their activities require special attention. The platform from the Dutch developer is focused specifically on these groups of users, which provides a high level of protection. Service from EclecticIQ allows you to detect weaknesses in the enterprise system and prevent possible attacks.
It should be noted that in 2020 the cases of Internet fraud and hacker attacks became more frequent, which experts associate with the pandemic. Remote work allowed easier access to portals, in addition, hackers turned their attention to companies that work in health care and training services. During this period, the level of cybercrime increased several times, with international companies affected by the problem. As a result of cyber attacks, they incurred huge losses, and some even had to suspend operations.
The year 2020 was a record year for data theft, hacking and hacker attacks on companies, government organizations and individuals. Analysts point out that if states do not act soon to strengthen protection, the consequences could be catastrophic. By 2025, cybercrime may cost the world $10.5 trillion per year. The first step to improve the situation should be the introduction of legal regulations to allow hackers to be criminally liable. Unfortunately, about 13% of states have no mechanisms to punish such fraud. That said, last year 108,474 cybercrimes were reported in Germany alone, and only officially recorded. And a similar trend is observed in the world as a whole.