Gerard O'Dwyer

Correspondent at Defense News

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Articles

Norway and Nordic financial sector ramps up cyber security

2 weeks ago | computerweekly.com | Gerard O'Dwyer

Increasing cyber threats to Nordic banks continues to produce industry-led initiatives that enable organisations in the financial space to better manage risk, bolster readiness and strengthen internal IT network security systems.
Danish supercomputer to drive innovation

3 weeks ago | computerweekly.com | Gerard O'Dwyer

Reinvesting revenues Under an agreement reached between the owners and stakeholders, all revenues generated from GAIS will be reinvested in the DCAI managed project. The turbo-charged computer will be operated on 100% renewable energy sources. The GAIS was built by Eviden, the high-performance computing and systems integration subsidiary of French IT firm Atos.
EU Defense Fund Could Transform Europe's Defense Industry

3 weeks ago | gfmag.com | Gerard O'Dwyer

The European Commission (EC) last month produced a working roadmap for financing the EU’s historic plan to bolster its defense readiness against a perceived military threat from Russia and reduce its security dependence on the US. If effected, the proposed $870 billion ReArm Europe package—now renamed Readiness 2030—could deliver an unprecedented dividend to defense contractors.
Neobank Lunar Courts Youth

3 weeks ago | gfmag.com | Gerard O'Dwyer

Lunar, the Copenhagen-headquartered neobank and chief challenger to Google Wallet in Northern Europe, has rolled out the new Lunar Youth banking app aimed at “new customers” in Scandinavia, the 7- to 17-year-old age group. The app is available to the children of existing customers banking at Lunar and linked to parents’ accounts. Lunar’s target market is the 2.5 million children and teenagers across Scandinavia.
Novel encryption technology tests add value to Finland’s quantum computer project

1 month ago | computerweekly.com | Gerard O'Dwyer

The secure network component of Finland’s quantum computer project has taken a significant leap forward in the wake of successful ultra-secure novel encryption technology (NET) tests. NET supports the quantum computing project’s core mission to strengthen Finland's national security demands and offer business and industry advanced solutions to protect critical data that is vital to their operational security.
Latvia: Doorway To The EU

1 month ago | gfmag.com | Gerard O'Dwyer

Despite a sluggish economy, Latvia is positioning itself as a prime gateway to the European Union, as foreign capital is flowing into key sectors, and recent reforms underscore its ambitions to become an investment hub in the Baltics. The IMF projects GDP growth of 2.3% in 2025; 2.5% in 2026; and 2.5% in 2027.
Swedish commission delivers roadmap to drive artificial intelligence reforms

2 months ago | computerweekly.com | Gerard O'Dwyer

Sweden is poised to regain its status as the frontier Nordic nation for next-generation technology development, following the government’s endorsement of a strategic roadmap and a €1.5bn increase in spending on artificial intelligence (AI). Increased state support for AI follows the release of a landmark report, produced by a government-appointed commission, that sounded the alarm of the risks attached to the country falling further behind China, India and the US in the so-called “AI race”.
Nato membership boosts Finnish civil and military tech startups

Jan 7, 2025 | computerweekly.com | Gerard O'Dwyer

Finland’s fast-expanding defence sector is witnessing a surge in tech startups chasing new business opportunities on the back of the country’s accession to the North Atlantic Treaty Organisation (Nato) in April 2023. The so-called Nato dividend is causing the country’s defence sector to experience accelerated growth as more companies capitalise on membership to innovate, grow sales and pursue new avenues of opportunity.
Finland eyes defense-spending boost well past NATO mark

Dec 26, 2024 | defensenews.com | Gerard O'Dwyer

HELSINKI — Finland’s conservative-led government has unveiled a broad plan to lift defense spending from $6.8 billion in 2025 to $11.5 billion in 2032. The government’s proposal, which has gained the majority support of the main opposition parties in the Eduskunta, the parliament here, would reposition Finland’s annual spending on defense closer to 3.3% of GDP, placing it well above NATO’s 2% guideline. Finland’s spending on defense in 2024 is expected to reach around 2.4% of the nation’s GDP.
European Banks Brace For Heightened Cyber Threat

Dec 5, 2024 | gfmag.com | Gerard O'Dwyer

European banks are scaling-up their IT network defenses against a surge in data breaches and Distributed Denial of Service (DDoS) cyber-attacks. AXA, Nordea, Abn Amro and Banco Santander are among the financial groups targeted by what banks are describing as a “completely different scale” of hostile threat from the cyber domain. This latest generation of cybercriminals are becoming bolder and more innovative in how they target banks.