Strategy and Expected Impact Sample Clauses

Strategy and Expected Impact. Small- and medium sized enterprises (SMEs, or SMBs – small- and medium-sized businesses) are the backbone of the European economy. They are central to the Digital Single Market strategy as a means to revitalise the economy, by enabling all types of businesses to go digital and operate across borders more easily and cost effectively. Since the submission of D8.4, XXXXX has identified another important group of firms within the EU SME sector, namely Fintech companies (finance + technology). The DG CNECT Cloud Security Workshop (March 201617) specifically called upon industry and research stakeholders to facilitate these small companies because they lack the very human and financial resources, and IT security expertise they need for an effective risk management at levels similar to larger Financial Service and Insurance counterparts. The growing Fintech ecosystem is expected to continue building partnerships with banks and other financial institutions while extending its digital disruption into new categories like insurance18, making it a natural choice as a WISER target audience. XXXXX therefore has a clear role to play in facilitating the uptake of effective cyber risk management while helping to nourish a risk assessment culture across the business community.  Typical size: Estimated number of SMEs in the European Union: 23 million (99/100 businesses). 9 out of 10 companies are micros (less than 10 employees – 29%), whereas small firms with between 10 and 49 employees represent 21% and 17% have between 50 and 249 employees19. SMEs employ 2 in every 3 employees and on average produce 58 cents/euro. In recent years, they have helped create around 80% of new jobs.  Bloodline for the EU economy: An increasing number of these businesses are becoming digital20, prone to cyber risks, and therefore requiring even the most basic risk management tools. There are 4 million self-employed and micro businesses. This sector now accounts for 76% of all UK firms and contributes 10% of the Gross Domestic Product (GDP). This sector is the most exposed to sub-standard communication services and challenges presented by a lack of digital skills. Yet it stands to gain the most from the transformative effects of the internet21.  Business priorities & IT skill sets: focusing on running business and acquiring new customers means they need ready-to-use tools for cyber risk management that are also within their small budgets. Because fewer than 20% of SMEs in Europe have an IT man...
Sample 1
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Strategy and Expected Impact. Strategy: Engage with representatives from large companies across diverse sectors, encouraging the uptake of WISER tools and services, educating C-Suite executives on industry best practices and compliance with new EU regulations. This group also represents an important source for rollout to other verticals. Expected impact: A widely recognised challenge for large company is the adoption of a holistic, boardroom approach to cyber risk management. Recent data shows that corporate directors are not sufficiently informed about cyber risks and incidents (FTSE Cyber Governance Health Check survey, KPMG, May 201622). Companies need to collaboratively work towards flexible and agile responses in an evolving threat landscape in order to reduce the likelihood of losing money, data and consumer confidence due to cyber-attacks.
Sample 1
Strategy and Expected Impact. Strategy: Provide tools and services to help public sector organisations improve cyber resilience in the face of new threats. Educate public sector organisations on new cyber threats affecting them and engage with representatives from this target group through the relevant EAPs, scientific media channels and events. Expected impact:
Sample 1
Strategy and Expected Impact. The revised strategy since D8.5 is the result of year one engagement with public and private sector stakeholders, highlighting challenges around the implementation of new EU regulations and the need to improve knowledge sharing on cyber security best practices across different market sectors23. WISER will now adopt a 3-tier approach to its engagement with policy stakeholders in EU and internationally: 1. Sharing insights on new EU regulations (e.g. NISD, DPRR) and engaging with centres of expertise for cyber security in Europe (e.g. ENISA), drawing also on the Cartography of National Cyber Security Strategies (WISER D6.9,
Sample 1
Strategy and Expected Impact. Today, most of our lives, from communication to commerce, fundamentally depend on the Internet. The cyber security issues that result challenge almost everyone but most of all they affect individuals. Individuals face new threats to their online and mobile devices, privacy and money, either directly or indirectly through cyber attacks on service providers. European citizens therefore have to know and trust that the systems underpinning digital services are safe and secure and have to be properly educated about how to protect themselves online. Despite the increasingly public nature of cyber attacks on people and businesses, still majority of European citizens and employees are lacking skills to tackle cyber risks.
Sample 1

Related to Strategy and Expected Impact

  • Adverse Weather Shall be only weather that satisfies all of the following conditions: (1) unusually severe precipitation, sleet, snow, hail, or extreme temperature or air conditions in excess of the norm for the location and time of year it occurred based on the closest weather station data averaged over the past five years, (2) that is unanticipated and would cause unsafe work conditions and/or is unsuitable for scheduled work that should not be performed during inclement weather (i.e., exterior finishes), and (3) at the Project.

  • Knowledge and Experience The Purchaser has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of an investment in the Securities and of protecting its interests in connection with an acquisition of the Securities.

  • Presentation of Potential Target Businesses The Company shall cause each of the Initial Shareholders to agree that, in order to minimize potential conflicts of interest which may arise from multiple affiliations, the Initial Shareholders will present to the Company for its consideration, prior to presentation to any other person or company, any suitable opportunity to acquire an operating business, until the earlier of the consummation by the Company of a Business Combination or the liquidation of the Company, subject to any pre-existing fiduciary obligations the Initial Shareholders might have.

  • No Adverse Litigation There shall not be pending or threatened any action or proceeding by or before any court or other governmental body which shall seek to restrain, prohibit, invalidate or collect damages arising out of the transactions contemplated hereby, and which, in the judgment of Purchaser, makes it inadvisable to proceed with the transactions contemplated hereby.

  • No Change in Facts or Circumstances; Disclosure All information submitted by Borrower to Lender and in all financial statements, rent rolls, reports, certificates and other documents submitted in connection with the Loan or in satisfaction of the terms thereof and all statements of fact made by Borrower in this Agreement or in any other Loan Document, are accurate, complete and correct in all material respects, provided, however, that if such information was provided to Borrower by non-affiliated third parties, Borrower represents that such information is, to the best of its knowledge after due inquiry, accurate, complete and correct in all material respects. There has been no material adverse change in any condition, fact, circumstance or event that would make any such information inaccurate, incomplete or otherwise misleading in any material respect or that otherwise materially and adversely affects or might materially and adversely affect the Property or the business operations or the financial condition of Borrower. Borrower has disclosed to Lender all material facts and has not failed to disclose any material fact that could cause any representation or warranty made herein to be materially misleading.

  • Education and Experience ▪ Secondary School Honour Graduation, plus a minimum of 13 years' pertinent experience or the equivalent in experience, additional education and/or training; ▪ Graduation from a recognized institute of advanced technology, or equivalent formal education, and a minimum of nine years' pertinent technological experience.

  • Professional Development; Adverse Consequences of School Exclusion; Student Behavior The Board President or Superintendent, or their designees, will make reasonable efforts to provide ongoing professional development to Board members about the adverse consequences of school exclusion and justice-system involvement, effective classroom management strategies, culturally responsive discipline, appropriate and available supportive services for the promotion of student attendance and engagement, and developmentally appropriate disciplinary methods that promote positive and healthy school climates, i.e., Senate Bill 100 training topics. The Board will conduct periodic self-evaluations with the goal of continuous improvement. New Board Member Orientation The orientation process for newly elected or appointed Board members includes:

  • No Adverse Material Change (i) Since March 31, 2016, there shall not have occurred any event, condition or state of facts which could reasonably be expected to have a Material Adverse Effect and (ii) no representations made or information supplied to Agent or Lenders shall have been proven to be inaccurate or misleading in any material respect;

  • Detrimental Conduct You agree that during any period in which Restricted Stock Units (and any related dividend equivalents) remain payable, you will not engage in Detrimental Conduct.

  • Litigation; Adverse Effects (a) To the best of Borrower’s knowledge, there is no Proceeding, pending or threatened, against Borrower or any property of Borrower (including the Property), which, if adversely determined, would result in a Material Adverse Effect. (b) Except as disclosed on Schedule 5.11 hereto, Borrower is not (i) in violation of any applicable law, which violation has a Material Adverse Effect, or (ii) subject to or in default with respect to any Court Order which has a Material Adverse Effect.

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