14 N AT I O N A L CY B E R S ECU R I T Y ST R AT EGY tor still allocates insufficient resources to innovation compared to its rivals beyond European Union borders. No reliable measurements of the cyber security market have yet been carried out in Lithuania, but it is acknowledged that this market has been growing and, for this reason, innovation would help strengthen Lithuania’s competitive position in the development of new innovative products and services. This synergy could be attained by combining initiatives of innovation and general national policies while promoting long-term science, technology and innovation development. 31. Lithuania’s regulatory and supervisory environment is favourable to financial services and promotes innovation in the finance sector. Pursuant to the data of Lithuania Fintech Report 2017, there were 117 financial technology enterprises operating in Lithuania in 2017. The development of financial technology is one of the strategic activity directions for the Bank of Lithuania and its activity in one of the most promising and prospective areas of financial technology innovation, blockchain technology, will further drive innovation in financial technology field. 32. Objectives for achieving the third target of the Strategy: 32.1. The first objective of the third target is to develop scientific research and activities that create high added value in the area of cyber security. This objective will be implemented by creating favourable conditions for the creation of new, advanced cybersecurity initiatives; by promoting growth of the cybersecurity market, by expanding export of cybersecurity services to foreign markets; by developing cyber security sector of financial technology and by conducting research. 32.2. The second objective of the third target is to develop creativity, advanced capabilities and cyber security skills and competence that meet market needs. This objective will be implemented by creating a cybersecurity competence model; by establishing cybersecurity competence standards; by developing systems of training, accreditation and certification oriented towards the needs of the labour market; by attracting, nurturing and retaining talent; by creating training and testing environments for cybersecurity; by teaching newcomers and providing retraining opportunities for ICT workers; and by training employees working with sensitive data. 32.3. The third objective of the third target is to promote public, private, and academic partnerships while creating innovation in cybersecurity field. This objective will be implemented by identifying the common needs of the private and public sectors and their importance in relation to scientific cybersecurity research; by creating technical measures, methods and other resources; and by developing the requisite expertise for solving cybersecurity problems or fulfilling any other specific tasks for cybersecurity. European Commission. 2018. The European Innovation Scoreboard (2018). 11