From Concerns to Actions: Latvian Companies Strengthen Resilience by Investing in Cybersecurity
To reduce the impact of geopolitical and other external risks, Latvian companies have identified strengthening cybersecurity as one of their key priorities, according to a survey of business leaders commissioned by OP Corporate Bank plc*. At the same time, companies are implementing business continuity planning, strengthening employee preparedness, and investing in infrastructure security, placing increasing emphasis on resilience against various disruptions.
Already in the previous year, a study conducted by RAIT** on behalf of OP Corporate Bank plc found that approximately four in ten Latvian companies acknowledged that the threat of war and geopolitical instability affect their business outlook. Similar concerns were also expressed by companies in the other Baltic states, confirming that regional security challenges have become a significant factor in the business environment. It is now evident that companies are directing their investments not only towards growth opportunities but also towards maintaining business continuity and adapting to unpredictable circumstances.
In Latvia, strengthening cybersecurity is the most common resilience measure, having been implemented by more than half (53%) of companies over the past year. A significant share (45%) of Latvian companies have developed business continuity and crisis management plans to prepare for operational disruptions and external shocks. At the same time, 41% of companies have invested in employee training and preparedness, while 37% have invested in infrastructure security.
“Our survey data show that recent years’ events have changed companies’ understanding of security – today, it has become a strategic priority. Companies are increasingly investing purposefully in their ability to operate under uncertain conditions, planning for multiple development scenarios,” says Elmārs Prikšāns, Head of OP Corporate Bank plc Latvia Branch.
He emphasizes that corporate resilience and the ability to adapt are not merely defensive mechanisms but are becoming prerequisites for competitiveness at a time when companies must simultaneously respond to geopolitical disruptions, supply chain interruptions, cyber threats, and workforce availability challenges.
Compared with neighbouring countries, Latvian companies have implemented resilience-building measures less frequently. While 53% of companies in Latvia have strengthened cybersecurity, the figure reaches 71% in Lithuania and 88% in Estonia.
Estonian companies have also significantly more often carried out business continuity and crisis planning (82%) and implemented employee training and preparedness measures (67%). In Lithuania, companies have comparatively focused more on protecting supply chains and critical resources (64%). At the same time, Latvia has the highest proportion of companies in the Baltics that have not undertaken any resilience-building measures at all – 13% of surveyed companies admitted they had taken no such action.
* The survey was conducted on behalf of OP Corporate Bank by the market research and communications sciences institute KOG Institute for Marketing and Communications Sciences in April 2026, surveying more than 300 representatives of medium-sized and large companies across the Baltics.
** The survey was conducted on behalf of OP Corporate Bank by the market research company RAIT in February 2025, surveying more than 300 representatives of companies from various industries across the Baltics.
About OP Corporate Bank plc Latvia Branch
OP Corporate Bank plc is the central bank of OP Pohjola, Finland’s largest financial services provider. It began operations in Latvia in 2012 and is currently one of the leading banks in Latvia by the volume of loans issued to medium and large enterprises. OP Corporate Bank plc Latvia Branch provides financial services to leading companies in Latvia and plays a significant role in the long-term development of the country and the wider region.