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.
Agra Asigurări, the national leader in agricultural insurance, announces record claims in the first 6 months of this year. As of June 20, 2025, more than 3,300 damage notices have been registered due to extreme weather events nationwide, marking an increase of nearly 50% compared to the entire period of 2024. In total, amid the […]
In a significant recognition of Romania's financial market progress, MSCI, one of the major global index providers, has upgraded Romania's capital market classification to an Advanced Frontier Market. The decision follows MSCI's 2025 Global Market Accessibility Review published earlier this month and represents...
From music festivals to cultural happenings and outdoor activities, here are some of the events scheduled to take place in the capital this summer. Tom Jones concert June 26 After a sold-out concert two years ago, Tom Jones returns to Bucharest with an event that is part of the Defy Explanation tour. It will be […]
The "Vară Magică" (Magical Summer) International Festival returns to the Romanian Athenaeum in Bucharest with eight evenings of classical music, taking place from July 2 to August 13 every Wednesday. Now in its 14th edition, the festival continues its artistic direction in 2025 with the theme "Masters and Masterpieces," meant to signal a musical journey […]
The Romanian Chamber of Deputies adopted a draft law establishing the year 2026 as the "Constantin Brâncuși Year” to celebrate the famous sculptor. The law, initiated by former culture minister and Social Democratic deputy Natalia Intotero, passed with a large majority, with 275 votes in favor and one vote against. Next year also marks the […]
Romanian president Nicușor Dan met with UK prime minister Keir Starmer on Wednesday morning, June 25, on the sidelines of the NATO summit in The Hague. The meeting brought together Romania’s full official delegation, including presidential security advisor Cristian Diaconescu, newly appointed foreign minister Oana Țoiu, defence minister Ionuț Moșteanu, and Romania’s permanent representative to […]
