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Malta launches €250,000 cyber security scheme

Parliamentary Secretary for Financial Services, Digital Economy and Innovation Silvio Schembri has announced the launch of a cybersecurity scheme, aimed at instilling a cyber security mentality in the private industry.

The B Secure Scheme is a government investment of €250,000 to allow companies to ramp up their cyber security initiatives. 

A survey carried out by MITA, has shown how only 35% of SMEs provide cyber security training to their employees and 80% are interested in providing such training. Cybercrime is a real and present threat for all Maltese businesses, 40% of which have been at some point targeted by hackers, by means of phishing attempts or online scams.

“In view of our efforts to attract new companies, new investment and the exploration of new economic niches to diversify and futureproof our economy, cybersecurity must be fully incorporated into our ecosystem”, Schembri said. 

The implementation process will place particular emphasis on the delivery of education and training services, which will be offered as from January 2020. The scheme aims to deliver a total of 330 hours of training and 123 of risk assessments, targeting 220 people. Applicants can be companies, partnerships, and self-employed individuals, and will be selected by a board. Training will be offered on a first come, first served basis and applications are open from today until 24 November of this year.