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France to invest $1.2bn in cyber security

Ehime Alex by Ehime Alex
February 18, 2021
in BUSINESS & ECONOMY, Investment
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Over 2m phishing attacks recorded in Nigeria, South Africa, Kenya, Egypt, Rwanda, Ethiopia
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Following recent cyber attacks on French hospitals that impeded response to the Coronavirus Disease, President Emmanuel Macron has announced €1bn (about $1.2bn) investment in cyber security.

The French President made this known on his Twitter page on Thursday.

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“Our research and economic strategy for cyber security will speed up because we need to go further and faster and to be at the forefront. In total, €1bn will be invested,” Macron tweeted.

Two French hospitals were forced to transfer some of their COVID-19 patients to other facilities after a ransomware attack.

The attacks on hospitals in Dax and Villefranche-sur-Saône demonstrated the importance of “taking cybers ecurity very seriously,’’ the French President said.

He further stated that his administration would, henceforth, prioritise in promoting cyber security both for the public and private sectors.

Macron added that the investment included €500m in building “a more efficient and more united ecosystem” of cyber security in France.

Tags: Cyber SecurityFrance

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Ehime Alex

Ehime Alex

Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

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