aA
Safety should be first when developing latest technologies, Steven Wilson, the head of Europol's European Cybercrime Center, said in Vilnius on Tuesday. He expressed certitude that Lithuania could become one of the leaders in the field of fintech.
Lithuania could become one of fintech leaders - Wilson
© Shutterstock

"If that becomes one of your key factors that becomes a selling point for Lithuania to say: we are the nation that is cyber secure by design. (...) For a small country, you've actually invested very well in relationship to cybercrime. I think there is a real understanding about potential threat, but also the potential benefit, so if law inforcement are integrated well with industry – that is where I think you can get the maximum benefit for the country. Take advantages but be secure," Wilson told journalists in Lithuania at the Forum of Financial Markets on Tuesday.

In his words, cyber security could become a key advantage in the country's efforts to take leadership in fintech and blockchain technologies, however, close cooperation between the market and the law-enforcement is crucial.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

Lithuania's Devold says could make 100,000 medical coveralls by late summer

Norwegian-owned Lithuanian textile manufacturer Devold says it could producer around 100,000...

Tax revenue 15 percent short of target in March

The Lithuanian central government's tax revenue fell around 15 percent short of the target in March,...

Avia Solutions Group bought Bluebird Nordic

On the 24th of January 2020, Avia Solutions Group signed an agreement with BB Holding EHF for the...

GetJet Airlines set to lay off 370 employees

Lithuania's wet-lease and charter services provider GetJet Airlines has given lay-off notices to 370...

Avalanche of ideas developed in 'Hack the Crisis' hackathon

One of the most important tasks for hackathon organizers was to identify the most pressing issues,...

Top news

Entry to all cities and towns to be restricted over Eastern weekend

Entry to all cities and towns in Lithuania will be restricted over the upcoming Easter weekend,...

Russia’s attempts to spread panic and distrust over virus monitored

The Lithuanian State Security Department (SSD) is monitoring the attempts to spread panic over...

14th coronavirus death recorded in Lithuania 843 COVID-19 cases detected

A coronavirus -infected person died in Lithuania's northern city of Panevezys on Monday, bringing the...

Ursula von der Leyen. How our Europe will regain its strength

The last few weeks have turned our world upside down. It seems like a lifetime ago that we were going...

Coping with quarantine far from home: how Kenyan student hides from coronavirus in Vilnius

Kenyan student Linah Kitui had never been to Europe before coming to Vilnius this February. A...

|Maža didelių žinių kaina