Unleashing the European Cybersecurity Industry: Competition, Simplification & Financing

As called for in the landmark Draghi report, the EU is working to enhance the global competitiveness of its businesses by simplifying regulations and unlocking financial support. To enable European cybersecurity firms to compete more effectively, the EU is revising key elements of the digital acquis through initiatives such as the Digital Omnibus, Digital Fitness Check and Cybersecurity Act 2.0; streamlining the implementation of new legislation such as NIS 2 Directive and the Cyber Resilience Act; and advancing new policy initiatives, including a Cloud and AI Development Act. In parallel, EU institutions continue to negotiate the next Multiannual Financial Framework, which will define funding priorities for cybersecurity capabilities and innovation through 2034. This session will examine what the EU and its Member States are doing — and what further steps may be required — to ensure that this broader push effectively strengthens and scales the European cybersecurity industry.