Investing in a resilient European cybersecurity ecosystem

Published by
The Malta Business Weekly

Our ever-increasing dependency on Information and Communication Technologies (ICTs) makes it crucial for us to take all the necessary steps to ensure a secure cyber ecosystem. Our systems are continuously exposed to cyber threats, to which we need to counter through continuous investment in the best tools and technologies that make our systems resilient to such attacks.

The European Union has a huge strategic interest in investing in its own citizens and businesses, to create its own research, skills and technological capabilities that help secure all its systems. While the European Union has a lot of experts and experienced people in cybersecurity, however it might be that its efforts are not all concerted enough in such a way that they work towards a common goal.

If all the Member States within the European Union group their efforts and share their knowledge and expertise about cybersecurity, then this block of countries can become more effective in protecting its systems and assets. Some of the most important stakeholders within the Union are the Small and Medium-sized Enterprises, whose size allows them to be more agile in finding solutions. However, they are also at a disadvantage because of the continuous investment and knowledge that is required to have the best cybersecurity solutions.

It is for such reasons that the European Union is supporting the industry and enterprises through funding, which is made available through the Digital Europe Programme. A total budget of €7.9 billion is made available to the Member States for the period 2021 – 2027, together with other funding from other programmes. The Digital Europe Programme not only provides funding for investments in digital technologies and systems, but also helps raising awareness about the importance of having such systems in place to avoid potential threats. The Digital Europe Programme supports key areas like supercomputing, artificial intelligence, cybersecurity, and advanced digital skills. It also supports SMEs in making their digital transformation with a reinforced network of European Digital Innovation Hubs.

To provide support across the member states, a European Cybersecurity Competence Centre (ECCC) was set up, to coordinate with a network of National Coordination Centres. These centres are intended to facilitate access to knowledge, funding, and resources for the national ecosystem, specifically SMEs, thereby helping them become more resilient.

In the local context, MITA has been chosen as the National Cybersecurity Coordination Centre (MITA-NCC). Apart from the comprehensive cybersecurity awareness and educational campaigns, the MITA-NCC highly promotes cybersecurity opportunities, some of which include national and EU funding calls. While encouraging Maltese entities to seek funding for investments in cybersecurity measures, it also provides consultation on proposals for applications and assists in finding partners for consortia, wherever applicable. On a European level, the MITA-NCC strengthens cross-border and cross-sectional relationships, through the network of National Coordination Centres.

Specifically, through the Digital Europe Programme, the MITA-NCC secured a budget of €2 million for SMEs to invest in cutting-edge cybersecurity solutions, through the CYBER+ALT ‘Agħżel li Tiproteġi’ Grant Scheme. The MITA-NCC aims at enhancing local and EU cybersecurity, while laying the groundwork for sustained growth in cybersecurity initiatives.

The Digital Europe Programme also enables expertise to be shared across the states, so that new solutions to cybersecurity challenges can be found and once again shared amongst the Member States, making it easier to be secure and in less time.

This programme also contributes to the upskilling of more people working in cybersecurity, while encouraging a coordinated effort from a large amount of cybersecurity experts across the European Union to share their knowledge and expertise.

For more information about the Digital Europe Programme, you can follow the link: https://digital-strategy.ec.europa.eu/en/activities/digital-programme

To learn more about the National Cybersecurity Coordination Centre, you can follow the link: ncc-mita.gov.mt/

This article is co-founded by the European Union

The Malta Business Weekly

In 1994, the Malta Business Weekly became the first newspaper fully dedicated to business. Today this newspaper is a leader in business and financial news. Together with the launch of the MBW newspaper, the company started organising various business breakfasts to discuss various current issues that were targeting the business community in Malta.

Recent Posts

MFSA warns public of fraudulent companies misusing licensed entities’ details

The Malta Financial Services Authority (MFSA) has issued warnings against several fraudulent companies exploiting the…

15 hours ago

Prime Minister visits Gozitan businesses which thrived after receiving support

During a visit to Gozo, Prime Minister Robert Abela toured two Gozitan businesses that have…

16 hours ago

MDA calls for reform to ensure ‘fairness and accountability’ in magisterial Inquiries

The Malta Developers Association (MDA) on Saturday expressed serious concerns about the practice of implicating…

18 hours ago

BOV Bugibba and Ħal Luqa branches reopen with modern upgrades

Branch in Ħaż-Żebbuġ closes for refurbishment Following weeks of intensive work, the Bugibba and Ħal…

18 hours ago

Gozo’s economic growth must continue to result in common good and identity preservation, PM says

Prime Minister Robert Abela said that Gozo is an example of how economic growth must…

18 hours ago

€1.6 billion to be invested in pensions and social benefits throughout 2025

€1.6 billion is set to be spent on pensions and social benefits throughout the calendar…

1 day ago