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Unlock growth opportunities with EU digitalization funding. Explore programs for businesses, including micro enterprises. Leverage the Cyber+Alt and Cyber Assess schemes to enhance your digital capabilities. Discover how to transform your business in the digital age.

Responding to the surge in cyber threats coupled with a corresponding escalation in costs associated with cyber security without compromising your long-term business strategy is a significant hurdle. Because of this, Virtual CISO Services emerges as the pragmatic leadership choice for small and medium-sized enterprises.

DORA, a comprehensive regulation, extends its scope across more than 20 various financial entities and encompasses a significantly larger number of competent authorities (CAs). Thus, to ensure a proportionate approach, the ESAs (EBA, EIOPA and ESMA) have established a Joint Committee on Digital Operational Resilience.

Shaping Malta's Future 2023

The primary objective of the regulation is to strengthen the digital operational resilience of entities operating within the EU financial sector and to promote greater consistency in essential digital operational resilience standards for all financial entities across the European Union.

In an era where digitalisation is the lifeblood of business operations, Small and Medium Enterprises (SMEs) stand at the intersection of opportunity and vulnerability. The Digital Operational Resilience Act (DORA) Regulation is approaching, ushering in a new era of compliance requirements. Yet, for SMEs, DORA is not merely a challenge in terms of compliance; it presents a distinctive opportunity to strengthen their digital infrastructure and secure long-term success in the constantly changing digital environment.

Technological advancements over the past years have brought about various positive societal changes, transforming the educational and health sectors as we know them today. Technology has become a necessity in our personal lives and in organisational structures, facilitating communication through different networks. However, this has also provided a way for people to use online platforms illegally, leading to what is now known as cyber-crime.

Covid-19 has accelerated the digitisation of business processes – from product inception to customer interaction and work practices. A 2020 study by McKinsey showed that in 2019, the average share of digital customer interactions amounted to 32% of all customer interactions, while the share of products and/or services that were partially or fully digitized made up for 34% of all goods and services in Europe.

The possibility of Malta’s power grid being hit by a disruptive cyberattack is not remote. In October 2019, Siemens and Ponemon published the findings of a worldwide joint survey carried out on a sample of 1,700 utility professionals responsible for cybersecurity within their companies (1).

The Maltese government has officially launched its national AI strategy during the Delta Summit 2019. The document is a blueprint for the progressive introduction of AI into Maltese society, which will position the island as a centre of excellence for artificial intelligence-backed technologies. The strategy, which sets a vision for Malta to become the “Ultimate AI Launchpad” by 2030, relies on the attainment of three strategic objectives.

Digital threats to companies are on the rise, and organizations worldwide are investing a growing share of their budgets to secure their networks. A report published by digital security specialists Gemalto reveals that 945 data breaches led to 4.5 billion data records being stolen worldwide in the first half of 2018.Here are a few easy steps to follow in order to mitigate the risks posed by a cyber-attack at your workplace.

Since homo sapiens developed from earlier primates c. 300,000 years ago, we have constantly improved technology to serve our needs efficiently and with less effort.

There is little doubt about the fact that AI and robotics will be two of the most defining technology accelerators of this decade. Apart from their deployment in the field of business, these technologies bear potential to enhance the quality of life of millions of individuals worldwide.

We all heard about “big data”; which is incomprehensibly large data generated by real people. To give you an idea of scale; 90% of all data was created in the last 2 years, and we currently generate c. 2.5 quintillion bytes of data a day.

Big data analytics refers to the possibility of gathering and analysing a substantial amount of data through advanced Business Intelligence (BI) software systems.

On 25 January the Malta Financial Services Authority issued an update on the Virtual Financial Assets Framework to update the public on the progress of the implementation of the regulatory framework.