Almost 46% of companies in Flanders experienced a cyber attack in the past year, according to a new cybersecurity report commissioned by the Flemish government. The findings highlight the

growing vulnerability of businesses in an increasingly digital landscape.

“The urgency for strong cybersecurity measures has never been greater,” said Flemish Minister-President Matthias Diependaele. “In today’s digital world, security is essential.”

The report attributes the rise in attacks to the growing use of digital tools by businesses, including e-commerce platforms, social media, artificial intelligence, and electronic invoicing. While these technologies offer many benefits, they also expose companies to new threats.

According to the report, 45.8% of Flemish companies were targeted by cyber attacks in the last year. Of those, one in ten incidents were successful, resulting in stolen data, compromised business information, or ransom demands.

Despite 71% of organisations believing they are well-protected, the report notes that many lack sufficient security measures and procedures.

Rising awareness and investment

In response to the growing threat, companies are increasingly investing in cybersecurity. Half of the businesses surveyed maintained their cybersecurity budgets from the previous year, while the other half increased their spending. Participation in government-led cybersecurity improvement programmes has also surged, with more than 200 companies taking part in 2024—four times more than in 2023.

“Cybersecurity can no longer be seen as an afterthought,” Diependaele emphasized. “It is critical for the continuity, reputation, and competitiveness of our Flemish businesses. A digitally advanced Flanders must also be a cyber resilient Flanders.” Photo by Phil Whitehouse, Wikimedia commons.