Government to invest £1.9 billion into cybersecurity

A national cyber security centre will also be launched to join industry, academia and international partners

The government has announced it will invest 1.9 billion over the next five years into protecting Britain from cyber attack, in addition to developing the UK's sovereign capabilities in cyberspace.

The move is part of the second National Cyber Security Strategy, to be published later this year, with funding to be used to support those working towards protecting the country from cyber attacks. This includes a national cybersecurity centre that will work with industry professionals, academics and international partners. The government will also explore how it can work with internet service providers to protect users and businesses from malware and other threats.

The scale of fraud and cyber crime is becoming an increasingly prominant motivator, the report states, with profit now a big driver of crime and more cybercriminals marketing their services to organised crime groups.

Home Secretary Theresa May MP said: "We need to recognise that the crime prevention challenge has evolved we now need to prevent serious harm that happens inside victims' homes, or to stop a cyber-criminal on the other side of the world from targeting thousands of people here with a single keystroke. This Modern Crime Prevention Strategy is intended to do exactly that, setting out what crime prevention means in 2016. 

Advertisement
Advertisement - Article continues below
Advertisement - Article continues below

"I believe that fraud and cyber crime, to name but two, are as preventable as car crime and burglary if we understand the problem, work together and use our collective ingenuity to beat the criminals."

Discussion of cybersecurity funding was notably absent from George Osborne's Budget 2016 speech, made even more noticeable due to a prediction that the country's cyber workforce gap could hit 1.5 million by 2020.

A 250,000 scheme run in partnership with Cyber London to support cybersecurity start-ups was announced earlier in the year, intended to drive forward innovation and help protect UK businesses from cyber attacks.

Featured Resources

Digitally perfecting the supply chain

How new technologies are being leveraged to transform the manufacturing supply chain

Download now

Three keys to maximise application migration and modernisation success

Harness the benefits that modernised applications can offer

Download now

Your enterprise cloud solutions guide

Infrastructure designed to meet your company's IT needs for next-generation cloud applications

Download now

The 3 approaches of Breach and Attack Simulation technologies

A guide to the nuances of BAS, helping you stay one step ahead of cyber criminals

Download now
Advertisement

Recommended

Visit/security/internet-security/354417/avast-and-avg-extensions-pulled-from-chrome
internet security

Avast and AVG extensions pulled from Chrome

19 Dec 2019
Visit/security/354156/google-confirms-android-cameras-can-be-hijacked-to-spy-on-you
Security

Google confirms Android cameras can be hijacked to spy on you

20 Nov 2019

Most Popular

Visit/business-strategy/mergers-and-acquisitions/354602/xerox-to-nominate-directors-to-hps-board-reports
mergers and acquisitions

Xerox to nominate directors to HP's board – reports

22 Jan 2020
Visit/operating-systems/25802/17-windows-10-problems-and-how-to-fix-them
operating systems

17 Windows 10 problems - and how to fix them

13 Jan 2020
Visit/business-strategy/public-sector/354608/uk-gov-launches-ps300000-sen-edtech-initiative
public sector

UK gov launches £300,000 SEN EdTech initiative

22 Jan 2020
Visit/web-browser/30394/what-is-http-error-503-and-how-do-you-fix-it
web browser

What is HTTP error 503 and how do you fix it?

7 Jan 2020