Cybersecurity Strategies for SMEs in the Nordic Baltic Region.

Cybercrime has become the most widespread kind of economic fraud and is a serious challenge for businesses around the world. The topic of this paper is how SMEs in the Nordic Baltic Region should face this challenge. Possible technical and organisational tasks to be performed by SMEs in order to ensure cybersecurity of their business are analysed. The paper looks at the different types of hackers and their motives. On this background, current cyberthreats and corresponding security measures are presented. It is concluded that awareness, training, and financial incentives are all important elements in defining a cybersecurity strategy for SMEs. The paper is based on research made in the DINNOCAP project funded by EU regional funds.