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Telecom. IT : Study: Romania leads in top of countries with highest number of cybersecurity incidents

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Romania is leader in the top of jurisdictions recording the highest number of cybersecurity incidents with 14 attacks, followed by the Czech republic (11) and Hungary (8), according to the study “The Cybersecurity Challenge in Central and Eastern Europe,” published by CMS and Legal Week Intelligence.

Despite the fact that over 100 separate cyber incidents last year, affecting 18 Central and East European countries, less than a quarter of them focused on government actions, the document shows.

“The escalation of cyber crime is the most serious threat on economic activity at global level today. Cyber criminals constantly identify new ways of handling data and expose companies to unprecedented attacks”, according to Gabriel Sidere, Managing Partner CMS Romania. “Companies affected by cyber attacks are in a difficult situation, as some of them are real victims which need support from authorities.”

At region level, two thirds of respondents (67% vs. 33%) consider that procedures and protocols concerning cybersecurity, used by the authorities need improvement. That is the major opinion in every Central and East European country.

Although most respondents expressed their concern about the threat of an imminent cyber attack the study shows a clear lack of preparation among Central and East European companies. Only 66% of respondents have mandatory cyber training courses for employees, while less than a half trust their ability to detect or handle an attack. The fact that only a third of respondents have cybersecurity insurances is surprising.

CMS Cameron McKenna Nabarro Olswang LLP-SCP is the sixth lawyer company in the world with 4,500 lawyers and 1,000 partners in over 40 countries.

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