Online shops see up to five times more traffic during Black Friday than normal, and the risk of website crashes and performance increases proportionately, Forscope Romania warns. At the same time, during such high traffic periods, systems and networks are stretched to the limit, increasing exposure to cyber-attacks. The use of legitimate software protects these systems including through security updates. Without these, organisations can incur losses of over ten thousand euros per infected computer. “The importance of legally purchased software, whether new or used, cannot be overstated, especially in high-stakes contexts like Black Friday. It ensures that both seller and consumer are protected, that systems run smoothly and that potential vulnerabilities are minimised. Illegal software programs, especially those downloaded from misleading websites, can come bundled with viruses. This risk is exacerbated at times like Black Friday, when users may be tempted to download ultra-low-cost or even free versions of premium software,” says Ionut Les, Forscope’s Country Manager for Romania. Of the total volume of cyber-attacks, more than 40% target small companies, which also have the most difficulty managing growing IT budgets. E-commerce platforms that use legitimate software, especially in their backend systems, payment gateways and data management, are less likely to suffer security breaches. This ensures that customer data and payment information remain secure. According to Forscope Romania, a company facing a data breach incurs costs of more than €3 million. These include direct costs (remediation efforts, legal fees, and compensation to affected parties, etc.), but also indirect costs (loss of market share, damage to reputation and loss of customer trust). At the same time, longer-term impacts such as higher insurance premiums or tighter conditions for obtaining bank loans need to be considered.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
