Government launches initiative to support businesses with cyber security
40% of businesses in Malta responding to a survey in Q4 2018 state that they were directly affected by a cyber security incident. The variety of the incidents ranges from fraudulent emails to scam calls, to malware and ransomware.
No business is immune to such attacks these days. Large organisations are more prone due to their size and the extent of their posture. SMBs on the other hand may not have the required resources to handle such threats, so they are equally vulnerable.
Preparedness is the name of the game – as no company is free from being threatened with such attacks.
Hence government is launching a scheme through MITA in collaboration with the Parliamentary Secretary for Financial Services, Digital Economy and Innovation, the Hon. Silvio Schembri, to this end.
The aim of the B Secure Scheme is to promote and strengthen cyber security preparedness in the private sector. Private industry will be able to apply for assistance in assessing its digital posture and secure its assets. Moreover businesses will be supported in educating their employees up to certification level.
The Scheme will be launched in the last quarter of this year and services will be offered throughout 2020. It is reported that €250,000 have been allocated for this scheme.
We welcome such an initiative and look forward to collaborating in ensuring a stronger cyber security culture in Malta.