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Enhancing Financial Cyber Resilience In The Age Of Advanced AI

Emerging AI Technologies And Cyber Threats

According to CySEC, frontier AI models are becoming increasingly capable of identifying and exploiting software vulnerabilities, reducing the time between vulnerability discovery and potential attacks. The warning covers Cyprus Investment Firms, central securities depositories, trading venues, crypto-asset service providers, alternative investment fund managers, and UCITS management companies.

Digital Operational Resilience In Focus

Under the Digital Operational Resilience Act (DORA), regulated entities are required to maintain ICT risk management frameworks that address a changing cyber threat environment, including risks associated with emerging AI technologies. Firms were also urged to review existing controls and ensure that vulnerability management, patching procedures, and assessments of third-party ICT service providers are carried out effectively and on time.

Proactive Measures And Enhanced Monitoring

CySEC’s circular calls for stronger threat intelligence efforts and greater use of automation in security orchestration. Improved monitoring and detection systems would help institutions identify and respond to increasingly sophisticated cyberattacks more quickly. Maintaining resilient backup, restoration, and disaster recovery systems was highlighted as another priority, particularly during major cyber incidents.

Integrating AI Risks Into Governance

AI-related cyber risks should also be incorporated into ICT risk assessments, governance frameworks, and operational resilience plans, CySEC said. Such measures can help protect critical systems while supporting continuous improvements through post-incident reviews, updated threat intelligence, and testing.

Continued Oversight And Future Engagement

Looking ahead, CySEC said it will continue monitoring developments in frontier AI technologies and their implications for cybersecurity. The commission also plans to work with supervised entities to assess preparedness and ensure governance practices evolve alongside emerging risks.

Cyprus Expects More French Visitors In 2027 As Air Capacity Expands

Cyprus expects more French visitors in 2027 as airlines increase capacity between the two countries, Tourism Deputy Minister Kostas Koumis said after meetings with tour operators in Paris.

France, one of Cyprus’ key tourism markets, has had a difficult 2026. French arrivals fell 46% year over year to 8,453 in August, from 15,663 a year earlier, according to the Statistical Service of Cyprus (Cystat). August arrivals were also nearly 50% below the 16,798 recorded in the same month of 2024.

Overall, Cyprus received 2.82 million tourist arrivals between January and August, down 7% from the same period in 2025.

Air Connectivity Supports 2027 Outlook

Koumis discussed the 2027 outlook with senior executives from tour operators offering Cyprus holidays during the IFTM Top Resa travel trade fair in Paris.

Higher air capacity between France and Cyprus was a key focus of the talks. Participants also discussed the impact of geopolitical tensions in the Middle East on the French market and Cyprus’ efforts to adapt its tourism offering to French travelers.

“The French market is undoubtedly an extremely important market for our country’s tourism,” Koumis said, adding that France had regained importance only a few years ago and still had room to grow.

Improved air connectivity will be an important factor in that expansion, according to Koumis. “It is now clear that air connectivity between France and Cyprus is improving significantly, which is a basic prerequisite for the further growth of the market,” he said.

Cyprus Promotes Tourism And Regional Cooperation

Koumis attended the opening of IFTM Top Resa at the invitation of French Tourism Minister Serge Papin, who later visited the Cyprus stand. Held from Sept. 15 to 17 at Paris Porte de Versailles, the event brought together more than 32,000 tourism professionals representing 177 destinations and 1,650 brands, according to organizers.

During his visit, Koumis also met Egyptian Tourism Minister Sherif Fathy. Cyprus and Egypt reaffirmed their tourism cooperation and discussed opportunities to strengthen ties further.

French media interviews covered Cyprus’ tourism offering, infrastructure and services, along with efforts to develop specialized tourism products. Regional instability weighed on arrivals in 2026, particularly during the spring, although the decline narrowed over the summer.

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