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According to an EU document, telecoms ministers from 27 EU nations urge the European Commission to create a cybersecurity emergency response fund to combat serious cyberattacks, citing the recent strikes against Ukraine. The ministers’ meeting is on Wednesday, 9 March, in the French city of Nevers.

The draft document stated that the potential for such assaults to have a spillover impact on European networks further emphasizes the necessity for the EU to push a bold and comprehensive cybersecurity plan.

The paper said that the current geopolitical context and its implications in cyberspace emphasize the EU’s need to be adequately prepared to deal with large-scale cyberattacks.

Difficult times

The objectives proposed will be directly facilitated by such a fund. More regulations were also requested by the ministers to secure digital infrastructure, technologies, and products and attract companies to contribute their expertise.

Russia’s invasion of Ukraine has sparked widespread worry that cyber-attacks on European energy supply and infrastructure may expand. The Putin dictatorship, which has a history of using such damaging techniques, may deploy cyber-warfare to retaliate against Western economic sanctions.

Europe won’t be an exception to large-scale cyberattacks

European governments and energy firms should consider the long list of such assaults in recent years to identify and respond to the dangers they face in this sector.

The pandemic hastened the European economy’s digitization and drove a quick move to remote, hybrid working practices. The procedure has vastly increased the number of ways to target critical energy infrastructure.

Putin’s war on Ukraine is one of several wars involving hybrid tactics, including targeted cyber-attacks on essential infrastructure in sectors like banking and internet services, as seen by the spike in assaults on Ukraine in early 2022, which makes the discussions about a fund even more critical.