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UK to invest £1.9 billion in cyber security

Staff Writer |
The UK will be one of the safest places in the world to do business, says governement, with a world-class cyber security industry and workforce thanks to a new plan underpinned by £1.9 billion of investment.

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The Chancellor, Philip Hammond,formally launched the government’s new National Cyber Security Strategy, which will set out decisive action to protect the UK economy and the privacy of British citizens, while encouraging industry to up its game to prevent damaging cyber-attacks.

Cyber security is recognised as one of the greatest threats to business around the world, with the global cost of crimes in cyberspace estimated at $445 billion, according to the World Economic Forum’s 2016 Global Risks Report.

Measures within the new National Cyber Security Strategy to keep the UK’s cyberspace safe are therefore crucial to the future of the UK’s economy.

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