Country Risk

France earmarks EUR1 billion in spending on cyber defence

22 January 2014

The French Ministry of Defence has earmarked EUR1 billion (USD1.36 billion) to boost its cyber security capabilities, French Defence Minister Jean-Yves Le Drian said on 21 January.

The issue has become a "national priority" as it "touches on the very essence of our sovereignty," Le Drian told the 6th International Forum on Cyber security in Lille.

"What we are facing here is the capacity to control, to paralyse from afar, or to destroy infrastructures which are vital to our country. Subsequently we are confronted with the risk of a grave cyber threat against the nation's strategic interests, and our ability to appreciate, decide and act."

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