The number of incidents caused by ransomware attacks have grown by 79% in 2023 compared to the previous year, according to an international stody to be presented at the 13th edition of DefCamp, organized over 23-24 November. “The evolution of the economic and geopolitical situation brings new challenges for cyber security, hackers facing a significant increase of cyber threats.In 2020, 20% of attacks were ransomware type, acocrding to an international study and affected a quarter of companies. In 2023, the number of data breaches caused by ransomware type attacks made public went up by 79%. Historically speaking, fraud attempts grow in recession periods, attackers can adapt to the market, reducing prices of hacking instruments and making cyber crime even more accessible. For instance, following the 2008-2009 recession cyber attacks have grown by 40%, according tod organizers of the conference in a press release issued on Thursday. In this context, this year's edition of DefCamp is offering the framework for talks about the most frequent types of cyber attacks in 2023, cryptographic log-in, new defense methods, the use of automatic defense operations or vulnerabilities of cloud technologies, a.o. DefCamp 2023 is organized by the Research Center for Cyber Security Association of Romania (CCSIR) and supported by Bit Sentinel, Booking Holdings and Keysight Technologies Romania. Since 2011, DefCamp succeded in attracting about 11,000 participants from 55 countries and 150 cities. This year, over 200 teams have already subscribed to the DefCamp Capture the Flag competition, one of the biggest initiatives of the kind in Central and Eastern Europe.
NATO Secretary General Mark Rutte tried to calm security worries during his visit to Bucharest, saying the Alliance’s commitment to Romania remains strong, even after recent changes to the US troop presence. Standing next to president Nicuşor Dan on Wednesday, November 5, Rutte stressed that NATO fully understands Romania’s strategic importance on the eastern...
During the General Meetings of Shareholders of EVERGENT Investments held on October 29, 2025, all proposals submitted by the Board of Directors and included on the agenda were approved by a large majority. The main resolutions adopted were: the implementation of a share buyback program for up to 43,300,000 own shares, to be carried out […]
Vaunt, a Romanian real estate technology platform, is expanding into the United States after surpassing 80 clients and a transaction portfolio of nearly EUR 860 million. The expansion targets New York and Miami specifically. “Vaunt is a platform that helps real estate developers manage the sales process from the moment they receive the building permit until […]
IVF clinic Embryos, majority-owned by investment firm Integral Capital Group, has acquired the Oradea-based Calla Infertility Diagnostic and Treatment Center. The move is part of the development strategy of the network Embryos, which started in 2025 with the opening of a clinic in Buzău and the acquisition of Adella Clinic in Sofia, Bulgaria. The turnover […]
Romania has 56 companies included in the 17th edition of the Coface CEE Top 500 ranking, which shows how the largest companies in the region are navigating the current business landscape. The country climbed two positions from last year but remains underrepresented. The companies are ranked by turnover, analyzing additional indicators such as workforce size, business […]
Romania's Instant Factoring announced its participation in a cross-border securitization transaction valued at up to EUR 30 million. The move, the company said, "opens a new stage of growth for both Romanian fintech and the alternative financing market in Romania and Spain." The transaction involved the establishment of a securitization fund - Instant Factoring 2025-I, […]
