Will the New EU Cyber-security Agency Actually Deliver?
The European Commission initiatives eEurope 2002 and eEurope 2005 aim to extend the reach of the information society to the majority of Europeans by 2005, especially with broadband connections easily available to all. However, one of potential risks involved in being permanently online is that cyber attacks are more likely to happen. Indeed, European business faces huge financial losses every year through unauthorised intrusions in their IT systems, and this also affects consumers which are still reluctant to embrace e-commerce widely, fuelled by concerns about the security of payments. Authorities worldwide have woken up to the dangers posed by serious network failures, such as those that have been caused by computer worm “SQL Slammer,” earlier this year. Moreover, the threat of cyber attacks on key installations such as electricity and water supply is something that seems to be of especial concern in the aftermath of the September 11 attacks. Full Story