We highlight 1) the importance of cyber-security for businesses, in particular for SMEs, based on the promotion of company leadership awareness, an effective risk-based management and security by design approaches as a foundation for trust and confidence in the digital environment; 2) the efficient protection and enforcement of IPRs. 47. We also confirm the relevance of the development of cyber security markets as underlined by the Communiqué of the G7 Finance Ministers and Central Banks’ Governors10 and we take duly note of the “Declaration on Responsible States Behavior in Cyberspace” of the G7 Foreign Ministers’ Meeting11, endorsed later by the G7 Leaders in Taormina, which promotes stability in cyberspace. Cybersecurity for business 48. We acknowledge that the cyber risks are concerns shared by the business community, and present an opportunity to adopt robust risk-management practices. 49. The significant increase in number and type of connected products and services available to users presents major opportunities for growth and innovation. At the same time there is an increased vulnerability of digital ecosystems and users. It is important for the international community of stakeholders including industry, governments and civil society to consider a variety of approaches, such as security by design, risk management practices, market-relevant conformity assessments and appropriate security evaluation processes, to enhance security throughout the value chain, while supporting innovation. 50. We emphasize the needs to strengthen the efforts to improve risk management, notably for SMEs, for greater digital security for business. 51. We underline the importance of encouraging Governments and industry to work together in order to exchange best practices on tackling cyber threats. 52. We support the “G7 Actions for Enhancing the Cyber Security for Businesses” as enshrined in Annex 3 to this Declaration. Protecting and enforcing Intellectual Property Rights (IPRs) 10 11 Italy, Bari, 12-13 May 2017 Italy, Lucca, 10-11 April 2017 G7 ICT and Industry Ministerial Meeting 2017│ MAKING THE NEXT PRODUCTION REVOLUTION INCLUSIVE, OPEN AND SECURE 13