“Cyber attacks are becoming more numerous, sophisticated and impactful. In 2021, the total cost of cybercrime exceeded $6 trillion. A fifth of those attacks were directed against Europe,” Profumo said, citing figures from the Italian Information Security Association (Clusit), taken from a report by US think tank Cybersecurity Ventures.
The cyber security has become a key issue for the European Commission and for the members of the European Union (EU) in order to guarantee the “digital sovereignty and strategic autonomy”he added.
But the need for specialists in this field is enormous and “55% of European companies have problems recruiting staff, since there is a lack of at least 200,000 experts,” he said.
In addition to the lack of experts there is also little coordination. “Our incident reporting system (IT) does not work” because it is “too cumbersome, too bureaucratic,” acknowledged two weeks ago Juhan Lepassaar, executive director of the EU Cybersecurity Agency (Enisa)quoted by Euractiv, an information site dedicated to European affairs.
Cybersecurity problems have been exacerbated by the war in Ukraine. “We have noticed increased pressure” since the war began, Profumo, whose group has a branch specializing in cybersecurity, with clients around the world, said recently.
The International Monetary Fund (IMF) warned last month that “the war in Ukraine has raised serious concerns for IT operations.”
“Attacks could target financial institutions with important computer systems. If successful, such attacks could lead to a loss of confidence in the financial system, with a negative impact on global financial stability,” the IMF concluded.
Source: Ambito
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