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UK Businesses Will Have to Prove Cyber Crime Resilience to Win Government Contracts

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Sunday, 15 December 2013 19:17 Written by DFM Team

Whitehall is set to unveil the details of the basic level of cyber security UK companies will need in order to bid for government contracts.

"The cyber attack will remain a serious threat to our national security," said the minister responsible for cyber security, Francis Maude.

"We still have work to do but investment, partnerships, skills, resilience and awareness are in a far stronger position today than before this programme was launched."

Britain's National Cyber Security Strategy was launched in 2011 with £650m of investment over four years which was then been boosted with an additional £210m.

Estimates by the UK government claim that cyber crime costs the economy up to £27bn per year and, three months ago, Defence Secretary Philip Hammond said cyber defences had blocked around 400,000 attacks on the government's secure internet alone during 2012.

Cyber crime and espionage costs the global economy $500bn annually and are a main contributor for dragging down economic growth across the world.

 
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