Cyber security and business sustainability
Cybersecurity is essential to the digital economy and society for protection and resilience. The cyber security sector can drive economic growth and evidence shows that we continue to benefit from this
A key aim of the recently revised National Cyber Security Strategy is to develop the capacity of the state, educational and research institutions, businesses (including SMEs), the voluntary sector and the public sector when it comes to protecting ourselves, our data and online networks.
Collective effort for the cybersecurity industry
The strategy emphasized that a collective effort is needed not only for resilience, but also to realize economic and employment opportunities. In recognition of this, the review called for the development of a “whole of government” strategy to strengthen Ireland’s cyber industry.
Realizing a diverse, skilled workforce, a mature research community that engages on a global level and a vibrant indigenous export-oriented industry is a shared responsibility, including the national industry group Cyber . Strategy is critical; its aims and objectives reflect some of the key policy goals within my department and we plan to act on its recommendations.
The cybersecurity industry drives economic growth
Ireland, as an advanced digital economy, relies heavily on cyber security expertise. This is evidenced by the large number of multinational firms based here that serve the European and world markets. There is also a growing number of indigenous businesses focused on cyber security, ably supported by Enterprise Ireland.
The recently published consultation document on an industrial strategy project “Using cybernetics as an engine of economic growth” refers to the number of firms at almost 500, employing over 7,300 professionals with an annual contribution of over 1.1 billion euros to the Economy. The cyber security industry consists mainly of multinational firms from like-minded international partners, with indigenous enterprises forming part of their value chains.
Investing in cybersecurity education and innovation
Continued financial support for training and education is critical to growing the cybersecurity talent pool. With increasing geopolitical and regulatory challenges, there is a need, especially for SMEs, to take full advantage of market access in the rest of the EU.
Sustained investment in a dedicated research and innovation facility helps improve cybersecurity research expertise with new disruptive technologies (eg AI, Quantum, 6G, etc.). In addition, partnerships with selected multinational firms help secure and maintain their long-term commitments to Ireland.
There is an economic opportunity to grow Ireland’s industrial sector by joining established local firms, attracting multinational firms and providing higher value employment. This, in turn, increases national cyber resilience. Our dual goals work well together, and the government continues to monitor and support this symbiotic and critical relationship.
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