As reported in the Independent, the European Commission has signed an agreement to launch a new public-private partnership that will see EU member states working with private cybersecurity firms. The partnership is just part of a line of initiatives in order to protect Europe against cyber attacks and raise the competitive ability of its cybersecurity sector. The partnership involves the EU investing an initial sum of €450 million under its research and innovation programme Horizon 2020.

Kevin Bocek, Chief Security Strategist for cyber-security experts Venafi predicts that cybersecurity companies in the UK will lose out on the benefits of the investment as a consequence of the Brexit vote result.

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Related: Brexit round-up