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Europe’s Tech Leaders Demand Radical Shift Toward Digital Sovereignty

A coalition of Europe’s top tech firms and industry groups is urging EU policymakers to take decisive action to reduce reliance on foreign digital infrastructure. In an open letter to European Commission President Ursula von der Leyen and digital chief Henna Virkkunen, over 80 signatories, representing around 100 organizations, call for a bold strategy to foster homegrown digital solutions—from AI and cloud platforms to chips and telecom networks.

A Call For Digital Independence

The letter underscores the need to prioritize European-built alternatives with strong commercial viability. Signatories include industry heavyweights from cloud computing, telecom, defense, and startup ecosystems, all pushing for a shift towards “sovereign digital infrastructure.”

The push for what some call a “Euro Stack” isn’t new, but geopolitical tensions have heightened urgency. A January report by competition economist Cristina Caffarra outlined the strategy in-depth, and recent industry conferences have seen growing momentum behind the idea.

The turning point? The Munich Security Conference, where U.S. Vice President JD Vance sent a clear message: America’s interests come first. European leaders left the event with no illusions about the fragility of the transatlantic digital alliance. The specter of a U.S. executive order cutting off essential tech services has made European autonomy a pressing issue.

“Imagine Europe without access to search engines, email, or cloud computing. It sounds dystopian, but it’s a real risk,” warns Wolfgang Oels, COO of Ecosia, a Berlin-based search engine and one of the letter’s signatories. “Something similar already happened to Ukraine.”

The “Buy European” Mandate

The coalition’s demands are clear: EU institutions must lead by example, adopting procurement policies that prioritize European-made tech. The goal isn’t exclusionary but rather to create a level playing field where European firms can compete and justify investment.

“Americans buy American, the Chinese buy Chinese, but Europe acts as if neutrality is a virtue,” says Caffarra. “It’s time for a change.”

The letter suggests offering incentives for businesses to switch to local providers—potentially through subsidies or voucher programs. The idea is to make European alternatives competitive, not by shutting out foreign tech, but by ensuring that European firms have a viable market.

Scaling Up Through Collaboration

Beyond funding, the coalition urges the EU to encourage a “pooling and federating” model to help European tech companies scale. This includes common standards, interoperability initiatives, and aggregation of existing assets to strengthen Europe’s position against U.S. cloud giants.

Past initiatives, like the Gaia-X cloud project, failed due to the involvement of American hyperscalers, which diluted its sovereignty ambitions. The new approach seeks to prevent similar missteps.

A Sovereign Infrastructure Fund

To support capital-intensive tech sectors like semiconductors and quantum computing, the letter calls for the creation of a “Sovereign Infrastructure Fund.” Caffarra argues that even modest funding could significantly boost open-source projects and strategic infrastructure.

“Europe’s open-source community is vast and capable. A targeted investment strategy could yield substantial returns,” she says.

Rethinking Europe’s Digital Strategy

Despite past rhetoric on digital sovereignty, the EU’s current approach has been fragmented and ineffective, the coalition argues. Too much funding flows into academic research rather than tangible, market-driven solutions. The signatories push for a more industry-led approach, where funding is directed toward scalable, commercially viable projects.

“Europe can no longer afford to be reactive,” Caffarra asserts. “We need a proactive, industrial strategy that puts digital sovereignty at the heart of economic policy.”

As global competition intensifies and geopolitical risks mount, the message from Europe’s tech leaders is unmistakable: The EU must act decisively, or risk losing control of its digital future.

ATM Jackpotting Escalates: The Evolving Threat To Cash Dispensers

Historic Exploits And The Evolution Of ATM Hacking

In 2010, security researcher Barnaby Jack demonstrated at the Black Hat conference how an ATM could be hacked to dispense cash, drawing attention to vulnerabilities that were largely theoretical at the time. The demonstration marked an early turning point in public awareness of ATM cybersecurity risks and foreshadowed techniques later adopted by criminal groups.

The Rise Of ATM Jackpotting As A Criminal Enterprise

ATM jackpotting has since evolved from a research demonstration into a large-scale criminal activity. According to a recent FBI security bulletin, more than 700 attacks on cash machines were recorded in 2025, generating an estimated $20 million in illegal withdrawals. Attackers combine physical access methods, such as using generic keys to open machines, with malware designed to trigger rapid cash dispensing.

Dissecting The Ploutus Malware Threat

One of the most widely used tools in these attacks is Ploutus malware. The software targets Windows-based operating systems used by many ATMs and exploits vulnerabilities in the XFS (Extensions for Financial Services) software, which controls communication among components such as PIN pads, card readers, and cash dispensers. Once installed, the malware allows attackers to command machines to release cash without affecting customer accounts.

Business Implications And Future Trends

The FBI notes that Ploutus attacks focus on ATM infrastructure rather than on individual bank accounts, making them harder to detect through traditional fraud-monitoring systems. This creates new challenges for financial institutions, which must protect both physical hardware and digital systems.

As jackpotting techniques continue to evolve, banks and operators are increasing investment in stronger access controls, system monitoring, and software security. These measures are becoming essential to reducing operational risk and maintaining trust in cash infrastructure.

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