The new National Cyber Security Strategy (PDF) released by The UK Chancellor Philip Hammond outlines the government’s plan to protect their economy and privacy by securing their technology, data and networks from threats and cyber attacks.
According to the World Economic Forum’s 2016 Global Risks Report cited by Gov.uk, the global cost of online crimes is estimated at $445 billion. The UK government is investing £1.9 billion (nearly double the amount of cybersecurity funding in 2011) over the next five years in three areas - defense, deterrence and development to shore up their national security.
Read more about the key elements of the strategy in today’s blog from Thu Pham.
