Economy & Politics

Luxembourg misses the mark on cybersecurity

Bucharest was preferred to the capital of the Grand Duchy to host the new competence center dedicated to the protection of cyberspace launched by the European Union.

Bucharest was preferred to the capital of the Grand Duchy to host the new competence center dedicated to the protection of cyberspace launched by the European Union.

They were seven on the starting line, and in the end it was the Romanian capital that was chosen to host the future European center of skills in cybersecurity. Luxembourg (like five other European cities such as Brussels, Munich or Warsaw) can dry its tears after this setback, the choice having been made by the representatives of the 27 Member States of the European Union who will finance this device.

This European Cybersecurity Competence Center will be “the EU’s main instrument for pooling investments in cybersecurity research, technology and industrial development,” according to a European Council statement released on Thursday. At first, the entity should not have more than a dozen employees, but the site should ramp up and eventually host 80 specialists with an annual budget of two billion euros.

WIrtschaft, Luxinnovation, Sasha Baille, Foto: Guy Wolff / Luxemburger Wort

Supporting young companies, promising economic sectors or even new technologies, Luxinnovation is celebrating its 35th anniversary this Thursday. Discussions with Sasha Baillie, its CEO, to discuss the present but also the future of the national economic promotion agency.

If Romania did not host until now any EU agency, unlike Luxembourg (Court of Justice, the Investment Bank, European Court of Auditors, etc.), the void has been filled. Thus, the choice of the location of the cybersecurity center is probably “more linked to political considerations than to the suitability of Luxembourg,” said Koen Maris, head of cybersecurity at the consulting company. PwC Luxembourg, cited by our colleagues from LuxTimes.

FEDIL has just put its “Cybersecurity Assessment Online Tool” online. This is a completely free program providing businesses with information on the level of vulnerability to attacks from the web.

Thus, in the Grand Duchy, around 300 companies, including 75 start-ups, provide cybersecurity services and products, and ICT specialists represent more than 5% of the country’s total employment. The EU decision is also an acknowledgment that the former communist countries of Eastern Europe, such as Estonia or Romania, have spent decades investing in the latest technological infrastructure. And begin to compete with the wealthier western part of Europe, Koen Maris analyzes.

Cybersecurity Competence Center (C3) 16, boulevard d’Avranches Conf. release: Presentation of the cybersecurity ecosystem in Luxembourg

More than 300 companies operate in the field of cybersecurity. A sector that should continue to grow over the next few years.

“We may have missed our shot this time around, but we will continue to build on the excellent foundations that we have created and to offer our full support to all the efforts underway in the field of cybernetics,” assures him of his David Foy, who heads international business development for the digital economy at the Luxinnovation agency. “Romania is also an excellent choice because of its large pool of qualified resources and the emerging landscape of start-ups which could offer possibilities for collaboration”, indicates the member of Luxinnovation.

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