CEE countries particularly at risk from cyber attack, finds survey from CMS
- November 22, 2018
By a margin of more than two to one (67% v 33%) respondents believe that cybersecurity procedures and protocols used by regulators need improvement across the region. This is the majority view in every CEE country.
“After corruption and drugs, cyber crime is the third biggest organised criminal industry worldwide,” says Dora Petranyi, CEE Managing Director at CMS. “It is a very real issue and, as many businesses know too well, cyber attacks cost. Although businesses cannot completely protect themselves against the threat of a cyber attack, they can make themselves more resilient. Culture and education are key to achieving this as is a well-executed and regularly updated cyber strategy.”
Although the large majority of respondents expressed concern about the threat of a cyber attack, the survey reveals a clear lack of preparedness among CEE businesses. Only 60% of respondents have mandatory cyber training in place for employees, while less than half are confident in their ability to detect or withstand an attack. It may seem surprising, then, that only a shade over a third of respondents have cyber security insurance.
“Cybersecurity has now become a CEO and GC level issue,” says Andrea Simandi, European data protection attorney at Microsoft. “It is so important that the leadership and boardrooms of CEE companies realise that cyber threats are for real and require effective measurement to protect against. In general terms the CEE countries are, unfortunately, still far behind Western Europe.”
The full report can be accessed here: https://cms.law/en/HUN/Publication/The-cybersecurity-challenge-in-Central-and-Eastern-Europe
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