Issue link: https://maltatoday.uberflip.com/i/1514625
18.01.2024 2 NEWS 18.01.2024 STATISTICS for 2023 showed that cy- bercrime made $8 trillion USD global- ly which means that if cybercrime was measured as a country, it would be the world's third-largest economy after the US and China. By the end of next year, the cost of cyberattacks on the global economy is predicted to top $10.5 trillion. After partially acquiring CyberSift almost a year ago, to confront the ev- er-evolving cybersecurity landscape, GO went on to integrate its cut- ting-edge products into its portfolio to offer advanced cybersecurity solu- tions to businesses. This demonstrated GO's commit- ment to providing robust cybersecu- rity measures and fortifying business- es against the ever-growing threat of digital attacks. CyberSift provides a comprehen- sive suite of cybersecurity solutions, focusing on protection, detection, and response. These meticulously de- signed solutions, empower businesses to safeguard their data and systems from malicious attacks. Today, committed to delivering opti- mal solutions, GO Business is extend- ing its portfolio of cybersecurity ser- vices with the inclusion of CyberSift's AI-enabled solutions. "This strategic partnership with Cy- berSift continues to seamlessly inte- grate cutting-edge cybersecurity into our portfolio, aligning with our stra- tegic investment approach. By com- bining CyberSift's technology and solutions with GO's strong business client base, we have created a pow- erful synergy that not only propels CyberSift's growth but also positions GO to deliver more comprehensive and broader solutions to the Maltese business community," says Arthur Az- zopardi, Chief of GO Business. "We are excited to join forces with GO in this strategic partnership. Our cutting-edge cybersecurity solu- tions are now seamlessly integrated into GO's portfolio, providing busi- nesses with robust tools to safeguard their digital assets. Together, we are poised to deliver unparalleled securi- ty measures in today's dynamic threat landscape," added Brian Zarb Adami, Chief Executive Officer of CyberSift. Visit www.go.com.mt/business/se- curity for further information regard- ing GO's cybersecurity solutions. GO Business extends cybersecurity portfolio with ai-enabled solutions GO's strategic partnership with CyberSi: One year on IN December 2023, the annual rate of infla- tion as measured by the HICP was 3.7 per cent, down from 3.9 per cent in November 2023. The highest annual inflation rates in De- cember 2023 were recorded in Food and non-alcoholic beverages (9.5 per cent) and Education (5.6 per cent). On the other hand, the lowest annual infla- tion rates were registered in Communication (-9.4 per cent) and Transport (0.1 per cent). In December 2023, the largest upward im- pact on annual inflation was registered in the Food and non-alcoholic beverages In- dex (+1.69 percentage points), largely due to higher prices of vegetables. The second and third largest impacts were measured in the Restaurants and hotels In- dex (+0.64 percentage points) and the Hous- ing, water, electricity, gas and other fuels Index (+0.53 percentage points), mainly on account of higher prices of restaurant servic- es and rents, respectively. A downward impact on annual inflation was registered in the Communication Index (-0.38 percentage points), mainly reflecting lower prices of mobile phone services. HICP (Malta and euro area) This section compares the Maltese HICP with the latest data available for the euro area. In December 2023, the annual rate of change registered by the Maltese All-items HICP was 3.7 per cent, 0.8 percentage points higher than the 2.91 per cent registered for the euro area. Harmonised Index of Consumer Prices (HICP): December 2023 Contribution to the annual inflation rate by the 12 ECOICOP main divisions