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UK Government Re-announces £1.9bn Cyber Security Spend

UK Government Re-announces £1.9bn Cyber Security Spend

The UK government has announced a £1.9bn increase in spending on cyber security for the second time – 12 months after it was initially announced.

The government said the funding was part of a new cyber security strategy.

In a speech at GCHQ on the 17th November last year George Osborne, who was Chancellor at the time said the government was making cyber security a top priority and announced exactly the same investment.

At the time Osborne said: “In the spending review, I have made a provision to almost double our investment to protect Britain from cyber attack and develop our sovereign capabilities in cyber space, totalling £1.9bn over five years.,”

In a statement released today current Chancellor, Philip Hammond, said: “Our new strategy, underpinned by £1.9bn of support over five years and excellent partnerships with industry and academia, will allow us to take even greater steps to defend ourselves in cyber space and to strike back when we are attacked.”

The funding is said to support the development of automated defences to safeguard citizens and businesses against growing cyber threats, help develop a world-class cyber workforce, and deter cyber-attacks.

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