Minister of Economic Affairs Michael Halkitis explained last week that as cyber security risks increase, small companies often have little resources to manage cyber risks.
Halkitis, who made the remarks during Aliv’s Business Cyber Security Summit, said cybersecurity “must be viewed as an investment rather than a cost”, but he said sometimes those costs are prohibitive for small businesses.
“Businesses that embed strong cyber risk management into their operations are better positioned to attract international partners, maintain customer trust, and compete globally,” said Halkitis.
