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Strengthen Your Business with the Enterprise Ireland Cyber Security Review Grant

October 23, 2024 Reading Time: 6 minutes

As cyberattacks grow more frequent and sophisticated, malicious actors target organisations across the spectrum—from fledgling startups to established SMEs and large corporations. Recognising the pressing need for organisations to protect sensitive information and mitigate the risk of cyber-attacks, Enterprise Ireland has launched the Cyber Security Review Grant. This offers Irish organisations a practical and cost-effective solution to bolster their defences against cyber threats and ensure regulatory compliance.

If you’re an Irish organisation and Enterprise Ireland client, you now have access to substantial support from Enterprise Ireland to evaluate your current cybersecurity posture and identify potential vulnerabilities. However, it should be noted that this grant is being offered on a “first come first served” basis and is likely to be oversubscribed, so it is recommended that you apply now.

This blog will explain the Cyber Security Review Grant, outline its benefits for your business, and demonstrate why partnering with us for your security needs is a strategic choice.

In this blog:

What is the Cyber Security Review Grant?

The Cyber Security Review Grant is an initiative designed to assist Irish businesses in addressing vulnerabilities in their IT infrastructure and implementing strategies to secure their operations.

It offers organisations 80% funding for an external cybersecurity review, up to a value of €3,000.

The grant not only identifies current vulnerabilities but also helps businesses align their cybersecurity strategies with the National Cyber Security Centre (NCSC) Framework. It provides a set of actionable recommendations that can be prioritised and addressed over the next six to twelve months, ensuring businesses take structured, timely steps to improve their security posture.

Following the review, organisations can apply for the Cyber Remediation Grant, which offers 80% funding for projects up to €60,000 to address identified vulnerabilities and strengthen their overall security posture. This combination of assessment and remediation funding enables businesses to enhance their defences and maintain best practices in cybersecurity.

Key Features:

  • 80% Funding Coverage: The grant covers the cost up to a value of €3,000, reducing the financial burden for organisations.
  • Expert-Led Reviews: Assessments are conducted by certified cybersecurity professionals who specialise in risk management and data protection.
  • Actionable Insights: The outcome of the review includes a clear, actionable roadmap to improve your business’s cybersecurity posture.

Why Partner with Us for Your Cybersecurity Review?

Choosing the right partner to conduct your cybersecurity review is crucial. As a certified provider of cybersecurity services, we are committed to helping businesses navigate the complexities of cybersecurity with confidence and ease. Here’s why partnering with us makes sense:

  1. Extensive Expertise: Our team consists of certified professionals who have deep experience across multiple industries. We specialise in helping businesses like yours stay protected against current and emerging threats.
  2. Tailored Solutions: No two businesses are the same, which is why we tailor our assessments and recommendations to your specific needs. We don’t just offer generic advice; we craft solutions that fit your company’s size, industry, and risk profile.
  3. Compliance-Focused Approach: We understand that regulatory compliance is critical, especially with frameworks like GDPR. Our assessments not only secure your business but also help you meet and maintain compliance with relevant standards.
  4. Long-Term Partnership: Beyond the initial review, we can offer continuous support to ensure your business stays secure. Cybersecurity is an ongoing process, and we are committed to helping you evolve with the ever-changing digital landscape.
  5. Proven Track Record: We’re an Irish company who have We’ve worked with a wide range of Irish organisations, helping them secure their operations and build resilience against cyber threats. Our approach is trusted, effective, and backed by years of industry experience.

Why Cybersecurity Matters for Your Business

Many organisations—whether startups, SMEs, or large enterprises—often underestimate their vulnerability to cyberattacks. However, no business is immune, and cybercriminals target companies of all sizes. Attacks can cause severe operational disruptions, financial losses and significant reputational damage.

In recent years, cyberattacks have increased across all sectors, as businesses with limited or outdated cybersecurity defences present easy targets. Failure to act can lead to devastating consequences, such as data breaches, ransomware incidents, and prolonged business downtime.

With today’s evolving cyber threats, proactive measures like a cybersecurity review are essential to identify vulnerabilities before they can be exploited. This thorough evaluation safeguards sensitive data, ensures compliance with regulations such as the General Data Protection Regulation (GDPR), and protects businesses from costly attacks.

Regardless of your organisation’s size, conducting a cybersecurity review is a crucial step toward building long-term resilience against cyber threats.

How the Cyber Security Review Grant Works

The grant process is straightforward, and it empowers businesses to take charge of their cybersecurity in just a few steps:

  1. Eligibility Check: Ensure that your company is an Enterprise Ireland client, has an assigned Development Advisor, and meets the necessary eligibility criteria to qualify for the Cyber Security Review Grant.
  2. Application: Irish SMEs can apply for the grant through Enterprise Ireland’s website. The application is streamlined to ensure businesses can quickly gain access to expert reviews.
  3. Assessment by Cybersecurity Consultants: Once approved, your business will work with certified cybersecurity experts. They will conduct a thorough review of your IT infrastructure, identifying vulnerabilities, compliance issues, and potential risks.
  4. Tailored Recommendations: Following the assessment, your business will receive a detailed report outlining specific actions to take. These recommendations are tailored to your organisation, covering everything from firewalls, data encryption, and access controls, to employee training and incident response plans.
  5. Implementation: The cybersecurity review provides a clear, prioritised action plan for improving your security posture. While implementing the recommended improvements is your business’s responsibility and may require further investment or support, completing the review is a crucial step. It also positions your company to apply for additional funding, such as the National Cyber Security Centre grant, which offers up to €60,000 for further cybersecurity enhancements. This makes the review not only valuable for immediate improvements but also for securing future financial support for more comprehensive security measures.

Apply Now and Secure Your Business

Cybersecurity is no longer an option—it’s a requirement. With Enterprise Ireland’s Cyber Security Review Grant, your business can gain access to expert cybersecurity advice at minimal cost. But remember, the grant operates on a “first come, first served” basis, so don’t delay. Protect your business, enhance your defences, and gain the peace of mind that comes with knowing your digital infrastructure is secure.

Contact us today to discuss how we can guide you through the application process and provide the expert review your business needs to stay safe 👇.

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