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Joint initiative aimed at stimulating 1.8 billion of investment in cyber security research.
Telefonica revealed this week it has been selected as the only telco to join the board of the European Cyber Security Organisation (ECSO).
The ECSO is the private-sector-led half of a contractual public-private partnership (cPPP) with the European Commission; it is tasked with promoting the development of cyber security technology and strategies.
The initiative aims to stimulate up to €1.8 billion of investment in cyber security research.
"We have to move on from isolated security solutions focused on asset protection to solutions capable of analysing the information of devices, networks, technological equipment and users, combining it with external intelligence on vulnerabilities, threats and other agents," said Pedro Pablo Pérez García, managing director of Telefonica’s global security division and CEO of its ElevenPaths cyber security unit, in a statement on Tuesday.
García and Cristina Vela, senior advisor at Telefonica’s Brussels office, will represent the Spanish incumbent at the ECSO.
Telefonica stressed the importance of a joined-up approach to cyber security in light of the rapid growth of the Internet of Things (IoT), and the development of new businesses based upon it.
"Trust between industry and the public administrations of the member states is essential for the effective implementation of this approach and, in this sense, the role to be played by the cPPP is vital," García said.
