On Cybersecurity, Europe Must Act Now (EU Observer)


A spectre is haunting the world – the cyber spectre. This menace can reveal itself under different faces, taking the form of criminality, terrorism or state-sponsored activity – often using several faces together and masking its true intentions.

Over 200,000 victims in more than 150 countries across the globe were hit last year by Wannacry, probably the most significant cyber attack to date.

The NotPetya attack a month later is estimated to have cost companies more than $1.2bn. By now it is becoming clear that the threats cyber attacks pose are real. Luckily, while cyber threats may be inevitable, their paralysing impact is not.