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BUSINESS TODAY 9 February 2023

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4 NEWS 9.2.2023 Situation Vacant Europe Fastflow Services Ltd of Ta' Xbiex invites applications for Full /Part Time employment in anyone of the following vacant posts: · Cleaning Services · Housekeeping · Handyperson · Hospitality · Health Care Services, · Catering Services, · Construction Workers · Maintenance · Motor Mechanics · Repairs and Handyman · Security Guards · Drivers · Tile Layers. Intending candidates are to submit a full CV with supporting certificates to the Administration Officer on josros@onvol.net or jdebono892@gmail.com. Further information may be obtained by contacting the Administration Officer on 99685203 or 27459341 . Good conditions and salaries are offered to the right applicant. THE Malta Business Bureau (MBB) held an informative webinar discussing the de- tails of the EU Cyber Resil- ience Act (CRA) and the new requirements for businesses. e European Commission's CRA proposal marks the first comprehensive step in finding collective solutions towards enhanced cybersecurity at EU-level. MBB President Alison Miz- zi introduced the session and outlined how ''over the years, high-profile cyberattacks have created billions of euros in damages, many times to com- panies, and remain an existing threat. To this end, the Euro- pean Commission's proposal for a Cyber Resilience Act is a welcome first step in finding collective solutions towards enhanced cybersecurity.'' She continued to explain that ''this legislation will go beyond the security of just services to also take into consideration goods in protecting both consumers and businesses from products that have inadequate security features.'' Dr Sarah Cannataci, Associ- ate at Fenech and Fenech Ad- vocates gave a detailed pres- entation on the CRA from a legal perspective. Dr. Cannat- aci explained that ''given the cross-border nature of cyber- security, a joint action at EU level is required in tackling an emerging fragmented frame- work of potentially diverging national rules which risk ham- pering an open and competitive single market for products with digital elements.'' She also ex- plained how the CRA has four specific objectives: (1) to have manufacturers ensure the se- curity of a product throughout its whole lifecycle, (2) to have a coherent cybersecurity frame- work in facilitating compliance, (3) to enhance the transpar- ency of security properties for products with digital elements and (4) ensure that businesses and consumers are able to use products with digital elements securely. In her intervention, Dr. Marthese Portelli, CEO at e Malta Chamber accentuat- ed the vital role of technology within all companies. She said that "Digitalisation and infra- structure are a main policy pil- lar for the Chamber. Cyber se- curity and cyber resilience are important aspects that busi- nesses should be looking into, both to ensure compliance with the law but also to minimize their risk." She went on to ex- plain that e Malta Chamber is taking a 2-pronged approach to support their members – firstly by raising awareness with manufactures, importers and distributors on their re- sponsibilities and implications when selling products of digital elements; secondly by raising more awareness amongst the business users on the impor- tance of market preparedness including being aware of tech- nological developments and the importance of cybersecu- rity. e webinar was attended by operators from the manufac- turing and retail sectors dealing with Internet of ings (IoT) and digital products that are both wired and wireless as well as non-embedded software. Other interventions were made by officials from the Ministry for the Economy, European Funds and Lands, and Euro- chambres, the Association of European Chambers of Com- merce. e session Is available to be viewed from the MBB's website and Youtube channel. For further information on the Cyber Resilience Act, please contact the Malta Business Bureau on infobrussels@mbb. org.mt. Addressing weaknesses in cybersecurity to protect businesses and consumers Geoffrey Fichte to succeed Simon Vaughan Johnson as HSBC Bank Malta CEO e European Commission's CRA proposal marks the first comprehensive step in finding collective solutions towards enhanced cybersecurity at EU-level HSBC Bank Malta has an- nounced that Simon Vaughan Johnson will be relinquishing his post as Chief Executive Officer and Executive Director of the bank. He will be retiring from the bank on 30 April 2023 after serving for 36 years with the HSBC Group. Simon Vaughan Johnson will be replaced in the post of Chief Executive Officer and Executive Director of the bank by Geoffrey Fichte, who will take up these positions on 1 May 2023, subject to regulatory approval being ob- tained by such date. Geoffrey Fichte is currently the President and CEO of HSBC Bank Uruguay. He has over 20 years experience in financial ser- vices across retail, commercial and corporate banking. He has previously held several senior in- ternational positions within the HSBC Group, including Head of Business Banking, HSBC Mexi- co; Senior Executive, Corporate Development & Global Strate- gy, HSBC Group, London; and Senior Manager International (Asia), Hong Kong. Original- ly from New York, he holds a Bachelor of Science in Econom- ics from Wharton School, Uni- versity of Pennsylvania, Phila- delphia, USA. e Board of Directors has expressed its gratitude towards Simon Vaughan Johnson for the dedicated and professional service he has given to the bank since his appointment in July 2020. Geoffrey Fichte (left), who is currently the President and CEO of HSBC Bank Uruguay, will succeed Simon Vaughan Johnson (right), as HSBC Bank Malta CEO and Executive Director.

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