UK Government Announces Cyber Security Innovation Centre

The United Kingdom is investing £14.5 million in a new centre to develop the country’s next generation of cyber security technology. Based in London, the centre is expected to open in 2018.

The investment will be made over the next three years to reinforce the UK’s cyber security defences and position the country as a safe place to start and grow a digital business. The centre will give startups access to expert technical mentoring, as well as business support and advice to help them to grow in their early stages and contribute to the UK’s £22 billion cyber security sector.

As cyber-attacks are targeting both public and private organisations, the innovation centre will bring together large firms to work hand in hand with innovative start-ups and industry experts to develop the new technologies businesses will need to protect themselves.

This initiative is part of the Government’s £1.9 billion investment to transform the UK's cyber security strategy. The country’s health system was recently victim of the global WannaCry ransomware attack, and statistics are showing that UK businesses are being targeted by cyber criminals every day. The Cyber Security Breaches Survey 2017 revealed nearly seven in ten large businesses in the UK identified a breach or attack, with the average cost to large businesses of £20,000.

"Our investment in a new cyber innovation centre will not only cement the city’s position as a world leader but also boost the whole country by giving UK firms access to the latest cyber technology and allowing start-ups to get the support they need to develop.”
Matt Hancock
UK’s Minister for Digital

The new cybersecurity centre will capitalise on London’s thriving digital start-up scene.  The city is home to the headquarters of the newly created National Cyber Security Centre and has recently been confirmed a host of new research projects to exploring how society can benefit from the power of interconnected devices while remaining safe, secure and resilient.

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