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New cybersecurity funding for SMEs

Georg Beham, Partner and Cybersecurity & Privacy Leader at PwC Austria © PwC Austria

Small and medium-sized companies (SMEs) with their headquarters or business establishment in Austria can take advantage of funding in the form of a non-repayable subsidy of up to € 20,000. This corresponds to a 40% subsidy for investments totalling a maximum of € 50,000.

The spectrum of eligible activities encompasses hardware and software as well as the services of external cybersecurity providers, including the introduction and optimisation of corporate IT security management systems, measures to increase the security awareness of employees and the protection of IT systems against unauthorised access, manipulation or theft.
Cybercrime has become an important issue recently due to high-profile ransomeware attacks on companies. This is also shown by the PwC Digital Trust Insight Study, which concluded that seven out of ten Austrian companies are planning higher investments in IT security this year.

Continue reading and learn more about business promotion in Austria!

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