In Tallinn – Lithuania’s proposals on cyber-security
Friday, September 29, Tallinn ‒ President Dalia Grybauskaitė attended the EU Digital summit in Tallinn, hosted by Estonia holding the Presidency of the Council of the EU.
Malevolent cyber-attacks pose ever-increasing threat to the rapidly growing EU digital economy, thus a special focus was placed on cyber security at the leaders’ meeting.
According to the President, cyber-attacks are more and more targeted at public authorities, strategic infrastructure and democratic elections as well as at internet users who experience data breach. National capacities are no longer sufficient for the protection of digital space. To that end, a coordinated and joint EU response is required.
In Tallinn, Dalia Grybauskaitė presented Lithuania’s proposals on the establishment of a European “Cyber Schengen”. According to the President, collective defence as well as rapid exchange of information is needed; therefore, cyber-security has to become an integral part of EU security and defense policy. It is necessary to establish EU cyber rapid reaction force that could ensure rapid response to cyber-attacks and enhance prevention. It is also crucial to jointly develop technological tools for detecting and neutralizing cyber-attacks.
Last year, Lithuania experienced more than 50 thousand cyber-attacks while some 4000 cyber incidents were registered in the European Union daily.
The European Commission estimates that if the EU fails to counter cyber security challenges in the effective manner, the European economy may incur 640 billion euro damage. One global cyber-attack may cause damage equal to that of the hurricane Katrina, costing 120 billion U.S. dollars.