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Cyber Resilience In Cyprus Tested By Rising Cyberattacks

Escalating Cyber Threat Landscape

Recent nationwide surveys conducted by the Communications Commissioner and the Digital Security Authority reveal that cyberattacks in Cyprus are not only frequent but are intensifying. Over the past 12 months, one in three individuals and more than half of businesses reported experiencing a cyber incident, highlighting growing pressure on digital security systems.

Business Under Siege

A survey of 459 companies across multiple sectors, conducted between September and November 2025, found that 53% experienced a cyberattack or data breach within the past year. The figure marks an increase from 47% in 2024 and 49% in 2023.

On average, businesses reported one cyberattack every eight days, compared with one every 10 days a year earlier. Among affected companies, 51% reported financial losses averaging €12,000, slightly lower than previous results.

Phishing remains the most common attack method, accounting for 44% of incidents. Although the share has declined slightly, 75% of companies said phishing was the most recent form of attack they encountered.

The survey also found gaps in preparedness. Nearly one in four organizations had not updated cybersecurity policies in more than a year, while only 22% participated in cybersecurity training initiatives in 2025. Companies that invested in training reported stronger defensive outcomes.

Individual Vulnerability

A separate survey of 1,043 individuals conducted between August and September 2025 showed that people faced an average of 25.9 cyberattack attempts during the year, slightly below previous levels.

Around one-third of respondents said they had been affected by a cyber incident, with 17% reporting financial losses averaging €141. The 35–44 age group recorded the highest financial impact, marking a shift from earlier trends that showed higher exposure among younger users.

Phishing remained the leading attack method for individuals, representing 22% of incidents.

Despite widespread exposure to cyber risks, awareness levels remain limited. Among respondents who had not experienced an attack, 89% said they were uncertain about their future online safety. In addition, 74% were unaware of available cybersecurity training programs.

Those who attended seminars reported practical changes, including stronger password practices, regular updates, and increased caution when interacting with unfamiliar online environments.

Strengthening Cybersecurity Measures

In response, the Digital Security Authority plans to expand educational outreach through seminars and awareness campaigns aimed at both businesses and individuals.

The initiative is designed to strengthen cybersecurity resilience across Cyprus as organizations and consumers face a growing volume of digital threats.

Cyprus Introduces €200 Million Support Measures To Cut Energy And Food Costs

Comprehensive Relief Measures For A Resilient Economy

The government of Cyprus introduced support measures exceeding €200 million to reduce household expenses and support key sectors. The package targets energy costs, food prices, tourism and agriculture. Measures come in response to rising costs and supply pressures. Implementation begins in April and May 2026.

Energy And Fiscal Reforms

The government will reduce VAT on electricity for households to 5% from May 1, 2026, to March 31, 2027. The measure is expected to lower energy bills. Special consumption tax on transport fuels will decrease by 8.33 cents per liter between April and June 2026. Policy targets fuel-related costs.

Broadening The Zero VAT Initiative

Authorities will expand the list of products with zero VAT. Meat, poultry and fish will be included from April 1 to September 30, 2026. Existing zero-VAT categories already include fruits and vegetables. The government also decided not to introduce a green tax on fuels, avoiding an additional cost of about 9 cents per liter.

Sector-Specific Supports

The package includes a 30% wage subsidy for hotel employees for April 2026. Measure supports tourism businesses during the early season. Support for airlines aims to maintain connectivity with key destinations. The agriculture sector will receive subsidies covering 15% of costs for fertilizers and supplies in April and May.

Economic Stability, National Security

President Nikos Christodoulidis said economic stability remains a priority for the government. He noted that growth, fiscal balance and inflation trends support current policy decisions. Statement links economic policy with broader national priorities. The government continues to monitor external risks.

Ensuring Consumer Protection

Furthermore, the government has mandated rigorous market oversight and intensified inspections to prevent exploitative pricing during this period of economic intervention. This proactive stance ensures that the benefits of the measures directly serve the citizens without unintended inflationary impacts.

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