Table of Contents
Top Headlines
- Cyprus is developing a new National Artificial Intelligence Strategy through 2032, with the government aiming to turn AI into an economic, industrial and public-sector opportunity.
- The Cyprus government says AI should remain human-centred, with regulation designed to protect rights while allowing technological innovation.
- Cybersecurity has become a major technology priority for Cypriot businesses as AI-driven attacks, third-party technology risks and new EU regulations increase pressure on companies.
- Cyprus University of Technology has launched a new research project focused on advanced data management, compression and AI-supported information systems.
- Bank of Cyprus is preparing its seventh Fintech Hackathon, focusing on fintech, cybersecurity, smart cities and artificial intelligence.
- Cyprus continues to expand smart-city technology, digital public services, connectivity and innovation infrastructure.
Cyprus Technology News Today
Artificial intelligence remains at the centre of Cyprus’ technology agenda in September 2026. Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou recently presented the main pillars of the country’s new National AI Strategy, which has a 2032 horizon. The government is positioning artificial intelligence as an opportunity for economic development, industry, public services and national capabilities rather than treating it only as a technology issue.
Damianou also said AI needs to be approached with responsibility. Speaking at the University of Cyprus, he argued that the main risks could come from misuse of AI or poor decisions about how the technology is deployed. He also highlighted the importance of the European AI Act and said regulation should provide a framework for trustworthy development without unnecessarily blocking innovation.
Cyprus Cybersecurity Sector Faces New Challenges
Cybersecurity is another major focus in the latest Cyprus technology news. At the sixth Cyber Security Conference in Nicosia, industry specialists and regulators called for companies to treat cyber risk as a leadership and business-continuity issue rather than simply an IT problem.
Cybersecurity assessments presented at the conference showed an average maturity score of 1.6 out of 3 among assessed organisations, while 49% of required security controls were still at an initial or fragmented stage. Cyprus’ national CSIRT also handled 544 malicious electronic addresses between June and August, affecting sectors including energy, healthcare, telecommunications and public administration.
The changing threat landscape is closely connected with artificial intelligence. Businesses are increasingly considering how AI can strengthen cyber defence while also potentially helping attackers automate parts of their operations. New European regulations, including the Cyber Resilience Act and AI Act, are also changing cybersecurity responsibilities for companies and technology providers.
New Data Management Research Project
The Cyprus University of Technology has started RECLAIM, a 24-month research project designed to develop more efficient approaches to managing and accessing large volumes of digital data. The project is funded by Cyprus’ Research and Innovation Foundation through its Excellence Hubs Programme.
The research is particularly relevant as businesses and public organisations increasingly depend on large datasets, artificial intelligence and digital platforms. Improved data compression and retrieval could help reduce computational requirements and energy consumption while improving access to information.
Fintech and Startup Innovation
The Bank of Cyprus Fintech Hackathon 7.0 is scheduled for November 27–29, 2026, at the IDEA Innovation Center in Nicosia. Developers, startups, professionals and students are invited to develop applications involving fintech, social innovation, cybersecurity, smart cities and AI.
The programme will also provide access to Bank of Cyprus’ open-banking APIs and software development tools, allowing participating teams to experiment with payment services and transaction-data applications.
Digital Transformation and Smart Cities
Cyprus continues to build its digital infrastructure. The European Commission’s 2026 Digital Decade report says the country has extensive gigabit connectivity, while three-quarters of SMEs have reached at least a basic level of digital readiness. However, the report also identifies slower AI adoption as an area that could affect business competitiveness
