Neurosoft’s turnover this year is estimated at 30 million euros. According to Noda Pashalidis, Managing Director of the cybersecurity technology and application development company, turnover was about 20 million euros last year against 14 million euros in 2020, which corresponds to a growth rate of 50%. In the first half of 2022, the company listed on the Milan Stock Exchange posted a turnover of 9.2 million euros and a net profit of 518,000 euros.

Neurosoft, which participated in the tender for more than 500 million euros worth of new identity cards and other documents of the Ministry of Citizens’ Protection, provides services mainly to private sector companies. He is also interested in government projects, the focus of which is mainly related to cybersecurity, while the company also implements fiber-to-the-home (FFTH) projects, but only in the part that concerns the installation of cable from the road to the building and from the building to the business or residence. Neurosoft, 67.72% controlled by OPAP, operates in Cyprus as well as Greece. He is looking to secure new contracts in Albania, where he is already active, in the Balkans, as well as in other countries such as Bahrain, where he has implemented a project.

Turnover is estimated to reach 30 million this year from 20 million in 2021 and 14 million in 2020.

The company’s management pays special attention to projects and infrastructure in the field of cybersecurity, considering cybercrime as one of the biggest risks of the next decade, along with climate change. In the first half of 2022, the cost of malicious ransomware attacks (when cybercriminals lock the device and demand a ransom to restore access) is estimated at 236 million euros, and the attack frequency is about 11 seconds, according to 2021 data. In the first six months of last year, the number of cyberattacks worldwide reached 2.8 billion, with 93% of businesses estimated to be vulnerable to hackers. It is estimated that the damage from cyber attacks will reach about $10 trillion by 2025. euros, while in 2021 it slightly exceeded 5 million euros.