INTERVIEW/COMMENT: UK SET TO INCREASE NATIONAL CYBER-DEFENCE GRID
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Commenting on the news that the UK is to increase national cyber-defence grid with an injection of £1.9bn from the government as part of its cyber security strategy, Mishcon de Reya Cyber Security Lead Joe Hancock said:
"Cybercrime is continuously evolving and therefore the issue needs continuous investment – today's sophisticated attack is tomorrow's bulk annoyance. Given the threat that cyber crime poses, it would be ideal to see the government commit to a figure that will be allocated to tackling cyber crime each year.
"Given that many malicious issues originate abroad, a similar fund from the Foreign & Commonwealth Office to encourage other countries to improve their security at source - rather than when they get to the UK - would be welcome.
"This investment is a very positive step, however greater investment in skills is needed in the police force and also in Action Fraud to enable them to take action, or at least direct a civil response. There's a danger these national defences don't show a genuine return for individuals and businesses who have been the victims of cyber crime. Success will be measured by the fraud and crime that remains, as well as rather than what has been prevented."