Cyber security spend to double over next five years

Yesterday Chancellor George Osborne announced the Government’s intention to increase cyber security funding to £1.9billion over the next five years in a bid to strengthen the UK’s resolve against deadly cyber attacks.

The funding will be used to establish a new National Cyber Centre to bring together the country’s leading cyber experts. Funding will also go towards setting up an Institute for Coding and supporting the work of the National Crime Agency’s National Cyber Crime Unit.

Whilst news of these initiatives is not new, the commitment to increased funding in the cyber security space brings extra focus to a growing market.

Jonathan Martin, Department Manager – Infrastructure & Comms, Networkers explains the importance of the announcement for the Cyber Security market:“On a societal level, the need for this additional funding and the positive benefits it will bring to our national security are clear. What the funding also means is that the already buoyant UK Cyber Security market will receive a welcome boost which is a positive for cyber experts and those IT professionals looking to transfer their skills to this niche part of the sector.”

“To compliment this investment the government needs to work with organisations to ensure the industry is working towards addressing the ever increasing skills gap which is starting to appear as demand increases.”

See our current cyber security vacancies here.

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