A study found that Liechtenstein has to ramp up its cybersecurity efforts. What the survey respondents say, and why cybersecurity is a key part of Liechtenstein’s digital transformation strategy.

As Liechtenstein is positioning itself as a digital pioneer, cybersecurity becomes more critical than ever before. Companies look at cybersecurity from two perspectives: First, they want to protect their data and IT from cyber-attacks. Second, they want to be able to provide their clients with maximum data security as clients are becoming increasingly aware of cyber-threats.

Attracting tech companies to Liechtenstein has been one of the government’s key focus areas over recent years. To become more attractive for digital businesses, cybersecurity needs to be a key component of Liechtenstein’s digital strategy.

Status quo: good, but not good enough

A new study of Liechtenstein University and digital-liechtenstein.li found that every second company based in Liechtenstein has already been the target of a cyber-attack. More than 100 companies and administrative bodies participated in the study. Survey respondents believe the cyber-threat for Liechtenstein overall is greater than for their individual companies.

The majority of survey respondents said cybersecurity in Liechtenstein is, in general, suitable for businesses, but there is room for improvement. A standard recommendation by the survey participants was to establish a governmental unit for cyber-security that collaborates with the private sector to improve security infrastructure.

The government seems to increasingly acknowledge cybersecurity as a key part of its digital transformation strategy. The results of the study were presented in Vaduz, and Prince Alois took part in the discussion. He said, “Especially in regards to cybersecurity, the state and businesses need to work together more closely in the future, as this is a key topic for our future.”

Lothar Ritter, Chairman of digital-liechtenstein.li comments, “The results of this study should create a more solid understanding of decision-makers in politics and business. We are happy to see that our initiative could already initiate some projects in this space and that we can contribute to Liechtenstein’s national strategy for cyber-protection.”

Fast security check at cybercheck.li

The study was supported by Liechtenstein-based Funk Foundation, which launched the website cybercheck.li. It enables small and medium-sized businesses to conduct a free security check, including 30 questions. While that’s by no means a comprehensive security check, it provides a first idea of how businesses can improve their security. The website also entails a central information platform with articles and interviews and enables enterprises to connect with security experts.

“Digital transformation needs intensive effort in the area of cybersecurity,” says Stefanie Hillegaart, co-Chairmain at the Funk Foundation. “We are pleased that the study could deliver empiric insight and practical guidelines.”

The next steps in the cybersecurity campaign include workshops to align knowledge and launch projects to improve cybersecurity in Liechtenstein. These projects will also include many of the partner firms of digital-leichtenstein.li, among which are household names such as Microsoft that can make significant contributions to Liechtenstein’s IT-infrastructure.

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