Nordic companies remain increasingly vulnerable to malicious cyber attacks, with the high cost of keeping ahead of cyber attackers the biggest challenge for smaller organisations in the region.
In response, business organisations in Denmark and Norway have launched a series of initiatives to attract state support and help enterprises overcome the technical and financial barriers to implementing effective IT security to protect critical data networks and the integrity of their business.
The Danish Business Authority (DBA/Erhvervsstyrelsen), a business organisation that provides a range of support for high growth productivity companies, has identified cost as the single biggest factor impeding firms from strengthening their IT security defences.
This is at a time of growing general awareness within companies to the increasing risks posed by hostile actors lurking and looking for easy targets in the cyber domain.
The DBA estimates that as many as 30% of all small to medium-sized enterprises (SMEs) in Denmark remain “acutely vulnerable” to malicious malware attacks from cyber space, with affordability the most common reason SMEs give for shelving or delaying measures to strengthen their IT security systems and employing professional expertise.
Meanwhile, SMEs in Norway have been slow to prioritise IT security spending and system upgrades due to a false sense of over-confidence in the ability of their existing systems to counter threats, according to a survey conducted by YouGov for the Oslo-headquartered Norwegian Center for Information Security (NorSIS).
The findings of the YouGov survey has caused NorSIS to intensify efforts to deepen cooperation with private and state sector firms to raise awareness about the diversity of cyber thre ..
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