The New Cybersecurity Landscape – How Are Finnish Companies Faring?

Juri Mattila, Jyrki Ali-Yrkkö and Timo Seppälä

No 93, ETLA Brief from The Research Institute of the Finnish Economy

Abstract: Abstract Cyber threats are rapidly increasing around the world. In Finland, the amount of data breaches has doubled in a couple of years. The cost of being targeted for a cyber attack is estimated to increase even more rapidly. However, the economic effects of cyber threats on the Finnish economy are not comprehensively understood. Especially, very little is known about the state of microenterprises in this regard. While the level of cybersecurity in Finnish companies is above the European average, Finland is falling behind the top countries according to many different indicators. Especially data leaks appear to be particularly challenging for Finnish companies. The global demand of cybersecurity products and services is growing quickly. In Finland, however, this growth is restricted by a shortage of skilled cybersecurity professionals. As Finland invests heavily in the improvement of digital skills, the question arises whether these efforts are focused correctly in regards to competences in cybersecurity.

Keywords: Cybersecurity; Digitalization; Microenterprise; International competitiveness (search for similar items in EconPapers)
JEL-codes: L86 M15 O33 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2020-12-14
New Economics Papers: this item is included in nep-ict and nep-pay
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