Britain’s cyber security bolstered by world-class strategy

The UK will be one of the safest places in the world to do business, with a world-class cyber security industry and workforce thanks to a new plan underpinned by £1.9 billion of investment.

The Chancellor, Philip Hammond has today (1 November 2016) formally launched the government’s new National Cyber Security Strategy, which will set out decisive action to protect the UK economy and the privacy of British citizens, while encouraging industry to up its game to prevent damaging cyber-attacks.

Almost doubling the funding commitments of the first strategy which ran from 2011, the new planoutlines:

- how the UK will use automated defences to safeguard citizens and businesses against growing cyber threats

- support the UK’s growing cyber security industry

- develop a world-class cyber workforce

- deter cyber-attacks from criminals and hostile actors

Cyber security is recognised as one of the greatest threats to business around the world, with the global cost of crimes in cyberspace estimated at $445 billion, according to the World Economic Forum’s 2016 Global Risks Report.

Measures within the new National Cyber Security Strategy to keep the UK’s cyberspace safe are therefore crucial to the future of the UK’s economy.

Outlining how cyber security underpins our daily lives such as through domestic devices in our homes and cars, air traffic control and power grids, the Chancellor reinforced how the threat of attacks invade our privacy and threaten our national security and set out how the government plans to deal with it.<