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Dutch Cybersecurity Sector Exposed to Growing Threats, Experts Warn

Amsterdam - The Netherlands’ reputation as a global hub for digital innovation has made it a prime target for cybercriminals, experts have warned. With nearly 100% of households connected to the internet and a thriving fintech sector, the country’s cybersecurity landscape is under increasing pressure.

Growing Threats

According to a recent report by the National Cyber Security Center (NCSC), attacks in the Netherlands are not only causing damage domestically but also spilling over into other countries. The most significant threats, the report found, come from sabotage and disruption, highlighting the need for robust defenses against these types of attacks.

Key Concerns

  • Lack of basic cybersecurity measures in place
  • Failure to invest adequately in digital security
  • Permanent nature of the digital threat
  • Growing menace posed by professional criminals

Government Efforts

Despite these concerns, the Dutch government is taking steps to combat cyber threats, establishing the Global Forum for Cyber Expertise in The Hague and launching a range of initiatives aimed at building cybersecurity awareness and improving defenses.

Fintech Sector Vulnerability

The country’s fintech sector, which is estimated to account for over 6% of GDP, is particularly vulnerable to cyber attacks. With many financial institutions operating online, the risk of data breaches and other types of cybercrime is high.

Industry Expert Insights

Industry experts say that the growing threat from professional criminals is a major concern, with hackers increasingly targeting Dutch financial institutions in an effort to steal sensitive information or disrupt operations.

2018 NCSC Report Findings

The NCSC’s 2018 “Cyber Security Assessment Netherlands” report highlighted five key findings related to cybersecurity in the country:

  • Attacks in the Netherlands also result in damage in other countries
  • Sabotage and disruption are the most significant threats
  • There is a lack of basic cybersecurity measures in place
  • The digital threat is permanent
  • There is a growing threat from professional criminals

Industry Call to Action

In response to these challenges, industry leaders are calling for greater investment in cybersecurity and more effective collaboration between government agencies, businesses, and individuals. As the sector continues to evolve, it is clear that cybersecurity will be a major priority for organizations operating in the Netherlands.

For more information on doing business in the Dutch cybersecurity market, contact Philip Hammerstein or Alec Boydston at the U.S. Commercial Service - The Netherlands.