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Cyber space is now an essential part of our societies and economies, and may even become a determining factor in our lives. Even though most of business and projects, especially those in transnational environment, are highly dependent on information technology, many of them underestimate the risks of cyberspace and suffer business costs caused by hacker attacks, viruses and malware. Cybercrime is already flourishing in areas with weak cyber governance like in Eastern Europe, and consequently in Romania. International, EU regional and national vigilance and collaborative intelligence are crucial. A global dialogue among governments, society, and the private sector, can help create agreement on how to secure the Internet economy. Romania government should also cooperate in developing an international and regional information exchange and early warning mechanisms in cooperation with strategic partners, USA and NATO, for rapid reaction in case of crisis, as well as establishing EU Cyberspace Policy Framework.