Download or read book Dutch Investments in ICT and Cybersecurity written by Michel Rademaker and published by The Hague Centre for Strategic Studies. This book was released on 2017-03-08 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digitalization has taken a predominant role in the Netherlands. The Netherlands considers itself one of the leading ICT countries, promotes itself as ‘a safe place to do business’ and aspires to be the digital gateway of Europe. This report will first estimate the current and prospective size of the Dutch digital economy and the ICT sector, and later analyze how much the latter contributes to the national economy. Next, we provide a holistic overview of the current level of public and private investments in cybersecurity, followed by an analysis estimating the Dutch cybersecurity market by comparing different studies. Taking into account the 1,5% loss of its national GDP to cybercrime, which correlates well to the €10bn value loss through cyber risk in the Netherlands, the Dutch private sector, and especially the government, can invest more in cybersecurity to reduce the impact and damage cybercrime and –risks. In addition, there is a drastic increase in demand anticipated for cybersecurity experts and IoT developers. As a result, when this is solved, one might conclude that the investments in cybersecurity will exceed the 10% norm. This research is directed to the National Cyber Testbed Initiative of The Hague Security Delta (December 2016).