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US, EU to Broaden Cybersecurity Cooperation: State Department

05.12.2014 14:04

The United States and the European Union are going to expand bilateral cooperation in the sphere of cybersecurity, the US State Department has announced in a statement, ahead of a US-EU Cyber Dialogue meeting.

"The inaugural meeting of the 2014 US-EU Cyber Dialogue on December 5, 2014 will formalize and broaden cooperation on cyber issues as envisioned during the US-EU Summit," the statement, released Thursday, said.

"The agenda for the dialogue will include discussions on international security in cyberspace, Internet governance developments in 2015, the calendar of upcoming events, the promotion and protection of human rights, and capacity building," the statement added.

According to the State Department, the United States and the European Union work in close coordination on cyber-related issues both bilaterally and in "multilateral fora".

Cybercrime costs the United States about $100 billion annually, according to Intel Security and the Center for Strategic and International Studies.

The US Department of Homeland Security estimates that more than 1,000 US businesses have been targeted by cyberattacks.