Following yesterday’s announcement regarding the UK’s new National Cyber Security Strategy, the Chancellor of the Exchequer, Philip Hammond, has described how the government is to spend the £1.9bn invested in the project.
“The new strategy is built on three core pillars: defend, deter and develop,” said the Chancellor in a speech made to confirm the details of the new strategy. “We will strengthen the defences of government, our critical national infrastructure sectors like energy and transport, and our wider economy.
“We will work in partnership with industry to apply technologies that reduce the impact of cyber-attacks, while driving up security standards across both public and private sectors. “We will ensure that our most sensitive information and networks, on which our government and security depend, are protected.”
Moving on to deterrence, the Chancellor added: “We will deter those who seek to steal from us, threaten us or otherwise harm our interests in cyberspace. We’re strengthening our law enforcement capabilities to raise the cost and reduce the reward of cyber criminality – ensuring we can track, apprehend and prosecute those who commit cyber crimes. And we will continue to invest in our offensive cyber capabilities, because the ability to detect, trace and retaliate in kind is likely to be the best deterrent.
“A small number of hostile foreign actors have developed and deployed offensive cyber capabilities, including destructive ones. These capabilities threaten the security of the UK’s critical national infrastructure and our industrial control systems.”
The final pillar of the new strategy is ‘develop’. “We will develop the capabilities we need in our economy and society to keep pace with the threat in the future,” said the Chancellor. “To make sure we’ve got a pipeline talented of people with the cyber skills we need, we will increase investment in the next generation of students, experts and companies.
“I can announce we’re creating our latest cyber security research institute – a virtual network of UK universities dedicated to technological research and supported by government funding. The new virtual institute will focus on hardware and will look to improve the security of smart phone, tablets and laptops through innovative use of novel technology.
“We’re building cyber security into our education systems and are committed to providing opportunities for young people to pursue a career in this dynamic and exciting sector. And we’re also making sure that every young person learns the cyber life-skills they need to use the internet safely, confidently and successfully.”
The Chancellor concluded by saying: “For the first time the government will have a dedicated, outward-facing authority on cyber – making it much simpler for business to get advice on cyber security and to interact with government on cyber security issues.”
A full transcript of the speech delivered yesterday can be found here and further updates on the development of the strategy will be published on Digital by Default News as and when they happen.
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