Institutional Measures for Increasing the Cyber Security for Business in the European Union

Numerous research and analytical studies envisage a new wave of disruptive innovations that will completely change the economic landscape, organization and business models in the short term, as well as ways of managing companies. This wave of innovation, followed by the use of new digital technologies, such as Big Data, mobile applications, social networking, robotics, 3D printing, nanotechnology, quantum informatics, cloud computing, etc., through various forms and modes of cyber vulnerability, contribute to reducing the ability to achieve effective protection, not only for companies and public services, but also for other services available to citizens. The current research preoccupation is focused on finding adequate solutions, in terms of protecting the digital economy and digital business from all modern threats and risks that the modern disruptive technologies carry along with. The thematic focus is on strengthening the institutional and operational capacities of existing and newly-formed specialized agencies, such as: ENISA, EC3 and EUROPOL, in order to provide an integrated institutional response to a wide range of hybrid and cyber threats. The final section of the paper presents an overview of comprehensive strategic, regulatory and institutional approach of the EU to cyber incidents and crises in the digital space.