Home / News / UK Seeks to Invest $2.3B in Cybersecurity Initiatives Through 5-Year Strategy

UK Seeks to Invest $2.3B in Cybersecurity Initiatives Through 5-Year Strategy

cyberThe U.K. government has unveiled a new strategy that will invest approximately $2.3 billion over five years in programs that seek to safeguard businesses and citizens from potential cyber attacks.

Chancellor of the Exchequer Philip Hammond introduced the National Cyber Security Strategy that outlines plans on how the government will use automated defense methods to protect industry and citizens from cyber threats, the U.K. government said in a news release published Tuesday.

Under the new strategy, the British government will establish international partnerships and build up its law enforcement capabilities in order to prevent threat actors from causing cyber attacks.

According to the release, the U.K. has begun to recruit at least 50 technical specialists and cyber crime investigators as part of the National Cyber Crime Unit that works to pursue domestic and international cyber criminals.

The strategy also includes plans to develop a cyber workforce through the establishment of a cybersecurity research institute, launch of a cyber innovation fund in 2017 and creation of the country’s first cybersecurity-focused innovation center in Cheltenham, England.

Check Also

SEC to Address Financial Technology Concerns, Innovations via New Hub

The Securities and Exchange Commission has opened a hub where it can coordinate with public and private sector entities to address concerns and initiate developments in financial technology.
 

Leave a Reply

Your email address will not be published. Required fields are marked *