Cyprus News Agency: News in English, 13-11-20

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From: The Cyprus News Agency at <http://www.cyna.org.cy>

CONTENTS

[01] Cybersecurity important for the development of market environment,

says Minister

[02] Cyprus FM participates in Commonwealth Ministerial Action Group

[01] Cybersecurity important for the development of market environment, says Minister

Addressing the "CYpBER 2013" Conference Oil and Natural Gas, Mitsopoulos said that "today's cyber threats are persistent, well organized, constantly evolving and often successful."

"The consequences can be serious and wide-ranging. Depending on the target and size of the organization, the financial impact alone can reach millions of euros. Furthermore cybercrime can seriously damage brands, compromise customer confidence, violate compliance mandates, and weaken the ability to generate revenue," he said.

[02] Cyprus FM participates in Commonwealth Ministerial Action Group

The relevant decision was taken during the Commonwealth Heads of Government Meeting, on November 15-17, in the capital of Sri Lanka, Colombo.

According to an official announcement, the Group consists of the Foreign Ministers of nine member states, with the other members being Guyana, India, New Zealand, Pakistan, Sierra Leone, Solomon Islands, Tanzania and Sri Lanka.

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