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Privacy and Data Protection
Our digital risk team is made up of a combination of subject matter experts and technical specialists who can help your business comply with the GDPR.
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Governance, Risk and Compliance (GRC)
While business goals and strategies evolve, our services support you wherever you are in your business cycle. The digital economy is simultaneously increasing the magnitude of new business opportunities while increasing the difficulty of getting it right.
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ISO 27001 and ISO 27701
Grant Thornton’s ISO 27001 and ISO 27701 specialists will arrange and oversee the formal audit process.
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SOC 1,2,3
As a service organization there are many ways to provide assurance to your customers and in turn other stakeholders over your control environment. One of the most effective and cost-efficient ways is to issue a Service Organization Control (SOC) Report.
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Incident Response
Grant Thornton’s Cyber Incident Response Team can support your business in the event of a cyberattack or data loss event. We work alongside your existing IT and Legal teams to provide a co-ordinated, timely and efficient investigation and remediation.
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Hacking Services
At Grant Thornton, our cyber security experts can develop a bespoke penetration testing plan to meet your business needs and unique IT environment. We can undertake the full suite of testing or conduct individual assessments, as required.
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Cyber Health Check
Approximately 54% of organizations report that they have experienced at least one cyber-attack during the past year. Grant Thornton’s cyber health check provides you with an objective, jargon-free assessment of your current cyber security, drawing on both qualitative and quantitative elements.
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Dark Web Threat Intelligence
We use a variety of dark and deep web monitoring tools that continuously scans illegal sites to discover any mention of your data, ranging from breached security credentials such as usernames and passwords to leaked confidential documents of your company.
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Digital forensics and electronic discovery
We offer a full suite of digital forensics and data acquisition services in investigations related to cybercrime, disputes, fraud and regulatory investigations.
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Insolvency
If you're facing a time of personal or corporate financial crisis you need advice from someone who listens, who understands your specific issues and deals with them in a supportive and sensitive manner.
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Crisis stabilisation and turnaround
In periods of financial distress, management teams often face considerable challenges, with many directors having little or no experience of similar conditions.
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Operational and financial restructuring
Companies challenged by underperformance often need support in identifying options for financial or operational restructuring. Tapping this type of advice helps them create a stable platform for business turnaround.
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Accelerated M & A
Even fundamentally sound businesses run into difficulties. Cash flow can come under pressure from the loss of a big client, or a dip in performance can threaten a breach of banking covenants if there is insufficient headroom.
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Indirect Tax
Our experienced VAT specialists are available to assist companies and entrepreneurs of all industries and sizes in meeting their obligations.
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Direct Tax
We can help you ensure a bespoke balance between tax compliance and effective tax planning for your special circumstances.
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Life at Grant Thornton
At Grant Thornton Cyprus, we are taking a holistic approach and reimagining the way we work, continually assessing it and making necessary changes to better support our people.
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In the community
Unlocking the potential for growth in our local communities.
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Diversity and inclusion
Diversity helps us meet the demands of a changing world. We value the fact that our people come from all walks of life and that this diversity of experience and perspective makes our organisation stronger as a result.
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Global talent mobility
One of the biggest attractions of a career with Grant Thornton Cyprus is the opportunity to work on cross-border projects all over the world.
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Learning and development
At Grant Thornton we believe learning and development opportunities allow you to perform at your best every day.
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Our values
We are a values-driven organisation and we have more than 56,000 people in over 140 countries who are passionately committed to these values.
Grant Thornton Cyprus: Business Breakfast Event on ICT & Security Risk Management in Regulated Businesses Marks Success
On 23 November 2023, Grant Thornton Cyprus organized a successful Business Breakfast event, held at the Loft venue in Nicosia. The event served as a forum for industry experts and business executives to engage in meaningful discussions on critical aspects of security risk management in regulated businesses.
The seminar proved to be a dynamic platform for in-depth conversations, providing attendees with unique insights into the current landscape of security risk management. During the event, participants were able to increase their understanding around key aspects of security risk identification within regulated businesses, including the main categories of risks demanding their attention.
Key Topics Discussed:
Current Regulatory Framework & Obligations: The seminar delved into the complex legal requirements and regulations set forth by the legislators. Further, it analyzed the approach of the national regulatory and supervisory authorities (Central Bank of Cyprus (CBC) and the Cyprus Securities and Exchange Commission (CySEC)), exploring their impact on investment companies, alternative investment funds and the managers thereof, e-money institutions, and payment institutions.
Cyber Risk Management & Its Importance: The discussion emphasized the significance of staying ahead of emerging trends and challenges in the realm of cyber risks for financial entities, underscoring the crucial role of cyber risk management in ensuring business continuity and resilience.
Digital Operational Resilience Act (DORA): Attendees explored the transformative potential of the Digital Operational Resilience Act (DORA) and its profound implications for the cybersecurity and data resiliency landscape in financial entities.
After the insightful event presentations, Grant Thornton Cyprus experts engaged in an open dialogue with attendees. During this interactive session, attendees shared their concerns and posed questions that were related to their organizations. Given the evolving landscape of ICT and security risk management in Cyprus, it is evident that we are entering a period marked by significant milestone changes.
Christos Makedonas, Partner and Digital Risk Services Leader commented: “In today's dynamic business landscape, characterized by an escalating array of threats and challenges, it is imperative for companies to proactively incorporate the topics we discussed during our event into their strategic considerations. I believe that proactive security risk management isn't just a necessity; but it is a strategic imperative for companies. Having this approach and aligning businesses with these kinds of strategies is essential for navigating the complexities of our dynamic digital environment."
In his comment also Dr. Charis Savvidis, Partner and Regulatory Compliance Funds Services Leader, emphasized: “In a landscape where regulatory dynamics are constantly in flux, it becomes imperative for companies to adopt a proactive stance. The evolving regulatory landscape pushes towards a strategic and anticipatory approach, requiring companies not only to comply, but to also adapt their risk management strategies. This proactive approach is fundamental both to ensure regulatory compliance with regulations but also to seize opportunities amid these changes, ultimately positioning organizations to thrive in a dynamic and evolving regulatory environment."
The conclusion of this business breakfast event, encapsulates Grant Thornton Cyprus’ dedication to advancing knowledge, fostering meaningful conversations, and leading the way in the ever-evolving landscape of security risk management. Our commitment to excellence pushes us forward to seek innovative solutions and continued collaborative efforts to navigate the challenges of an increasingly dynamic business environment.