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Although defence cuts of 8% are expected, there will be an extra £500m allocated to cyber security, focused on protecting key infrastructure and defence assets.
This confirms that cyber attacks and terrorism is seen as a real threat.
Yesterday Foreign Secretary William Hague dismissed views that the government is overreacting to cyber threats. He said that the government would not be allocating millions of pounds extra to this in times of spending cuts in other areas of national security unless UK businesses and individuals really needed protecting.
In the foreword to the national security strategy, prime minister David Cameron and deputy prime minister Nick Clegg write
“as a government we have inherited a defence and security structure that it woefully unsuitable for the world we live in today. We are determined to learn from those mistakes and make the changes needed”.
CYFOR’s Managing Director, Joel Tobias, agrees that additional spending in preventing cyber crime is essential.
“It’s time to take a stand against cybercrime. It’s increasing faster than any other criminal activity and the fact that it’s been classed as a ‘real and present danger’, second only to terrorism, shows just how serious it is.”
Kathleen O’Connor, Commercial Director at CYFOR, yesterday appeared on BBC News and BBC Radio Wales (CYFOR Interview – BBC Radio Wales) to provide valuable comments on cyber threats. Kathleen agreed that the threat is ever-present and it is the responsibility of the individual as well as the government to put in place preventative measures such as IT security policies.
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