The European Parliament approved a proposal this week to set up a European cybersecurity agency with the aim of forming a common approach to network and information security.
The European Network and Information Security Agency is slated to begin on 1 January, and last until 31 December 2008, with a budget of €24.3m.
The agency will also be charged with making sure that assistance on security issues is easily accessible to small and medium-sized businesses.
it will work on problems such as preventing network failures, computer crashes, viruses and unauthorised interception on communications, and advise the European Commission, European parliament and other business and community bodies on information security matters.
The agency will be run by a management board composed of five representatives appointed by the commission, five by the Council, two by the parliament and four industry and two consumer representatives. It will also have an advisory board of nine industry, consumer, science and research experts.
Scarlet Pruitt writes for IDG News Service