The UK's Computer Emergency Response Team (CERT-UK) which will co-ordinate the country's cybersecurity, has formally launched today.
The body will deal with cybersecurity incidents of national significance as well as providing advice and alerts on cyber-threats to government, industry and academia.
In the past financial year, 93% of large corporations have experienced a breach. Cabinet Office Minister Francis Maude said £850m had been allocated to cyber defence.
The attacks cost on average between £450,000 and £850,000.
A particular focus of the organisation will be the protection of companies that are part of the critical national infrastructure, such as banks, power generation and distribution firms.
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