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The European Commission recently unveiled its draft European Economic and Security Strategy, which focuses on diversifying supply chains and increasing technological competitiveness in key areas such as semiconductors and clean technology. Cybersecurity is also incorporated as an important economic security pillar, with the EU executive prioritizing partnerships in research and innovation. New next-generation technologies are creating huge opportunities while also increasing cybersecurity risks, with AI and IoT leading the double-edged sword of technology. Failure to prioritize cybersecurity can have a very negative impact on the economy.
