European Commission: Cyber security crisis ‘a big business opportunity’

December 1, 2015

The European Commission’s innovation adviser, Robert Madelin, has described the growing need for cyber security as “a big business opportunity”, describing it as a “billion-euro opportunity” for the private sector.

Madelin, who was director general of the Commission between 2004 and 2010, made the comments while discussing cyber threats and the EU’s part in defence with president of Microsoft International, Jean-Philippe Courtois, in this morning’s keynote at Microsoft’s Convergence 2015 conference in Barcelona.