Cyprus has seen an increase in phishing attack rates, reaching 4.8% in 2026, driven by growing digital adoption and cybercriminal activity. The country's cybersecurity investments have risen to €120 million, reflecting a strategic focus on enhancing digital safety. The average response time to phishing incidents is now 2.3 hours, indicating improved incident management. With 78% of Cypriots engaging in online banking, cybersecurity remains a top priority for financial institutions.
The development of cybersecurity expertise has grown, with over 2,150 professionals working in the sector. This supports Cyprus's efforts to combat cyber threats effectively. Despite the rise in attacks, increased awareness and technological defenses have contributed to a more resilient digital environment, ensuring users and organizations are better protected.