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Government announces £100m investment in new cyber security R&D

Business Secretary Greg Clark has announced over £100 million in funding for new cyber security research and development, which is being allocated via the...

The Department for Business, Energy and Industrial Strategy yesterday announced the launch of new funding designed to make the UK a “world leader” in ‘designing out’ many forms of cyber threats to online services and digitally enabled products.

£70 million of investment through the Industrial Strategy Fund will support research into the design and development of hardware so that it will be more secure and resilient from the outset. The government said that the aim is to ‘design out’ many forms of cyber threats by ‘designing in’ security solutions, which will help to “eradicate a significant proportion of the current cyber risks for businesses and services in future connected smart products”.

Announcing the fund, Business Secretary Greg Clark yesterday said:

“This could be a real step-change in computer and online security, better protecting businesses, services and consumers from cyber-attacks resulting in benefits for consumers and the economy. With businesses having to invest more and more in tackling ever more complex cyber attacks, ‘designing in’ security measures into the hardware’s fabric will not only protect our businesses and consumers but ultimately cut the growing cybersecurity costs to businesses.

“This is our modern Industrial Strategy in action. Building on the UK’s heritage and strengths in computing and cyber security alongside the government and industry investing together to ensure the UK capitalises on its position to become a leader in the growing markets and technologies of tomorrow.”

A further £30.6 million of government investment, provided by UK Research and Innovation through the Strategic Priorities Fund, will aim to ensure smart internet connected devices are safe and secure.

 

Channel website: http://www.techuk.org/

Original article link: https://www.techuk.org/insights/news/item/14689-government-announces-100m-investment-in-new-cyber-security-r-d

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