Opportunities vs Threats: ‘Regularly review your cybersecurity processes and preparedness’

In this series, prominent business figures in Malta shed light on the short-term future of business on the island, by identifying the opportunities and threats that carry the potential to redefine Malta’s industries and markets in the year to come. This feature was first carried in the annual print publication MaltaCEOs, the sister brand to MaltaCEOs.mt.

Harald Roesch, CEO of Melita Ltd, is at the forefront of the telecommunications sector. From his perspective, heightened cybersecurity threats are an ever-present, ever-growing threat, and one that could have a big impact on individuals and businesses in Malta.

“My advice for all businesses in 2024 is to regularly review their cybersecurity processes and preparedness. As part of the PRISM consortium, Melita is building a nationwide quantum network – a global first and an important part of a project that will put the EU at the forefront of cybersecurity in the coming years.

“This is exciting news because 2024 offers big opportunities for local businesses in digital transformation. There are many applications of the Internet of Things that could be applied here in Malta – be it in agriculture, brewing, construction, or other industries – that would make operations more efficient, and reduce resource utilisation, making it beneficial for businesses and the environment.

“If the last few years have taught us anything, it’s how constant, fast and sometimes unexpected change can be. In 2024, I would stress that it’s essential for businesses to be agile, and to have sound processes in place to plan and execute, while recognising that the route to reach their goals needs constant checking and adapting.”

First published as part of a wider feature first carried on MaltaCEOs 2024 print publication, the sister brand to MaltaCEOs.mt.