London Cyber Innovation Centre Opens

London Cyber Innovation Centre Opens

The government-funded London Cyber Innovation Centre is set to open today and welcome the first cybersecurity businesses, as a study has revealed that a quarter of UK firms lack the right security technology.

Digital Secretary Matt Hancock, will open the £13.5m government-funded London Office for Rapid Cybersecurity Advancement (Lorca) today.

He said: “It is fantastic to open this new centre, where some of our most talented entrepreneurs and innovative companies will develop the cyber security technology of tomorrow.”

“This will boost London's booming tech sector and benefit businesses across the country.”

“We are investing £1.9bn to protect the nation from cyber threats, have introduced new laws to strengthen our defences and developed a wealth of free help and guidance for businesses available through our National Cyber Security Centre.”

The new centre is aimed at positioning the UK as a global leader in cybersecurity, and supporting the country’s innovators to turn their ideas to solve critical cybersecurity challenges into reality.

The centre’s opening coincides with the publication of specially commissioned research that reveals more than half of large businesses have suffered a cybersecurity attack in the past 12 months, and almost a quarter of UK businesses (24%) do not think their cyber security solutions are fit for their needs.

As the business threat of cybercrime increases, the new study of 500 UK C-level executives also reveals that more than half (53%) do not have a formalised protocol in place for cyber-attacks.  

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