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Cybercrime in Finance Industry Plagues Croatia as Global Cyber Alliance Partners with Croatian Cybersecurity Institute

In a bid to tackle the growing menace of cybercrime in the finance industry, the Global Cyber Alliance (GCA) has partnered with the Croatian Cybersecurity Institute (HIKS) to improve cybersecurity in Croatia.

A Strong Partnership

The partnership marks GCA’s sixth in Southeast Europe, following previous agreements with organizations in Albania, Kosovo, Macedonia, and Slovenia. According to HIKS, the non-profit organization seeks to connect cybersecurity experts with the public to improve information security in the Republic of Croatia. With a membership comprising major cybersecurity companies in Croatia, as well as numerous individuals, HIKS aims to facilitate knowledge exchange, education, and professional development.

Enhancing Cybersecurity

GCA’s director of partnerships, Terry Wilson, emphasized the importance of enhancing the maturity of the Croatian cybersecurity ecosystem. “We are thrilled to support HIKS in increasing its visibility before other key players in the region, and to pave the way for those ecosystems to participate in GCA’s international initiatives aiming at reducing cyber risks globally,” Wilson said.

HIKS president Drago Žagar welcomed the partnership, stating that it underscores their mutual commitment to fostering a more secure digital environment. “This collaboration affirms our dedication to making cyber space safer for businesses and individuals alike,” Žagar added.

Availability of Cybersecurity Tools

As part of the agreement, GCA will make its range of effective cybersecurity tools available to HIKS members, enhancing the institute’s operational capabilities and bringing additional value to the wider Croatian society.

Conference Event

GCA director Terry Wilson is set to speak at the upcoming “Cybersecurity Challenges 2023” conference in Osijek, eastern Croatia, on October 10. The event brings together experts from various fields to tackle the latest cybersecurity challenges, including network security, industrial security, cybercrime, and legal issues.

About GCA and HIKS

The Global Cyber Alliance is an international nonprofit organization dedicated to reducing cyber risk by building programs, tools, and partnerships to sustain a trustworthy Internet. HIKS, on the other hand, was founded with the aim of improving information security in Croatia and providing its members and the general population with opportunities for knowledge exchange, education, and professional growth.

Implications for Finance Industry

The partnership between GCA and HIKS is expected to have far-reaching implications for the finance industry in Croatia, which has been plagued by cybercrime in recent years. As the two organizations work together to improve cybersecurity standards and practices, it remains to be seen whether the initiative will yield positive results in the fight against cybercrime.