11/02/2016

Britain to spend 1.9 billion pounds on boosting cyber defenses

Britain will boost its cyber security defenses with a 1.9 billion pound ($2.32 billion) investment due to be announced by Finance Minister Philip Hammond later on Tuesday, a statement from the Treasury said.
The new National Cyber Security Strategy will provide funding to develop automatic defenses to help protect British businesses and citizens online, and beef up the country's cyber workforce to help defend against attacks.
Hammond will outline how the new funding will help protect Britain in a world where a growing number of connected devices makes both key national infrastructure in energy and transport, and private citizens, more vulnerable.

The 1.9 billion pound investment over the next five years represents a doubling of the funding provided for cyber defense over the 2011-2016 period.
(Reporting by Sarah Young; Editing by Tom Heneghan)

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