Risky Bulletin Newsletter
April 21, 2023
Risky Biz News: EU prepares continent-wide IR plan, complete with private sector cybersecurity reserves
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News Editor
The European Commission says implementing the EU Cyber Solidarity Act would cost €1.1 billion, of which two-thirds will be provided from the EU's budget, while the rest will come from member states.
EU officials started work on the new regulation in March of last year, after Russia's invasion of Ukraine, when it became apparent Russia was using its cyber capabilities both inside and outside Ukraine.
The EU Cyber Solidary Act will now go to the European Parliament and the European Council for feedback and approval.