In Europe, a great need for cybersecurity, but also great opportunity

April 12, 2016

Phillip J. Bond, contributor, and Gerard McNamara

Securing cyberspace is now a critical issue globally, for governments, businesses, citizens and consumers. The European Union is ramping up efforts to improve cybersecurity because it is fundamental to the safety and resilience of the economy and society.

Governments, companies and individuals could be at risk of a potential cyberattack. Critical national infrastructure (utilities, transport, health, etc.) could be at risk. And a country's approach to cybersecurity — or the entire EU's approach, for that matter — also impacts its ability to win foreign investment.

It all adds up to a significant market opportunity. In fact, the cybersecurity market across Europe is expected to grow to over $35 billion by 2019.

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