UK Government to support cyber security companies in new strategy

The new Cyber Security Export Strategy will be launched today (26th March) to promote the UK’s world-leading expertise and strengthen defence capabilities in the UK and allied countries.

Dr Fox, an International Trade Secretary, stated that the strategy will assist the UK’s 800 cyber security companies to win contracts that provide security for high-profile international buyers and protect networks across the world.

UK cyber exports overall totalled £1.5 billion in 2016, and global demand for new software products and resources to protect organisation’s digital systems from any vulnerabilities continues to grow, with total spend expected to exceed £759 billion by 2021.

Dr Liam Fox, stated the following:

“Recent events show that the UK faces a diverse range of threats from hostile state actors. So in an increasingly digital world, it’s vital that we improve our cyber capabilities, which are crucial for national security and prosperity”.

“The strategy I am publishing today will support UK companies to export our world-leading cyber security expertise, which will help strengthen our capabilities, and protect our country and our allies from those who wish us harm”.

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