Malta was the first nation in the world to implement a certification mechanism that provides legal assurance for new systems. Through the newly launched project spearheaded by the Malta Digital Innovation Authority (MDIA), in collaboration with Tech.mt and Malta Communications Authority (MCA), the Maltese digital economy is continuing to strive in giving importance to cybersecurity, which will impact digital innovation. These targets will be achieved through the Mind the Gap scheme and its objectives.
The MDIA serves to key functions. It is a regulator specifically focused on innovative technologies, and it is an enabler and facilitator of innovative technologies through various incentives announced from time to time. On the other hand, Tech.mt’s mandate is to promote the digital economy, innovations, incentives and schemes with enterprises and start-ups.
Businesses continue to invest in the provision of online services. This is not only to address the client’s requirements but also because it has become necessary tool for cutting-edge operations, cost-cutting and above all to remain competitive.
A study held in 2021 by the MCA about internet use and businesses’ commerce showed a clear change in the mentality of how investment in technology is perceived, with 93 per cent of businesses stating a positive perspective. The COVID-19 pandemic served as a catalyst for the change in the businesses and small and medium enterprises sector. Of these businesses, only one per cent mentioned verifications for weaknesses and vulnerabilities as security measures taken to protect the online data and the clients’ data. The pandemic brought about an increase in online shopping behaviour. Even before the pandemic and Brexit, there was an increase of 58 per cent in the number of online shoppers that buy from local businesses online. This survey also found that security is the most general c ..
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