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Cybercriminals threaten essential services in Denmark, raise concerns over budget cuts at CFCS

Tuesday 3rd 2024 on 20:15 in  
Denmark

Cybercriminals are posing an increasing threat to essential services, such as clean water, electricity, and telecommunications, according to concerns raised by industry representatives. Line Kromann, Managing Director of Kalundborg Utility, expressed alarm over recent budget cuts at the Center for Cyber Security (CFCS), the national agency overseeing cybersecurity efforts. Kromann stated that despite the escalating cyber threats, CFCS is reducing its operations, which undermines the support needed by companies like hers that have already faced cyberattacks.

Since a significant incident in 2021, Kalundborg Utility has tripled its investments in IT security. Ken Bonefeld Nielsen, the cybersecurity chief at Norlys, echoed these worries, calling the budget cuts “frightening.” He warned that any deterioration in support from CFCS would be unacceptable, especially as both threats and vulnerabilities continue to rise.

Recent reports indicate that CFCS is unable to perform all necessary oversight and control tasks due to financial limitations. This situation is alarmingly impacting vital infrastructure services and raising concerns about preparedness against daily cyber threats. Kromann highlighted the necessity of having a robust CFCS to adequately guide and prepare organizations for evolving cyber challenges.

The financial strain on CFCS is tied to increased personnel costs associated with the Defense Intelligence Service, which directly impacts its funding and capabilities. Despite a political agreement to strengthen cybersecurity, legislative negotiations have yet to occur, resulting in a lack of additional resources to address heightened demands.

Stakeholders are emphasizing the urgency of resolving these budget issues, as delays could have disastrous implications for national cybersecurity preparedness.

Source 
(via dr.dk)