The Business Magazine - B2B Business News - Site Logo
The Business Magazine March 2024
Read now
PICK YOUR EDITION

Fareham: Taylor Made welcomes £1.9b cyber security boost

2 November 2016
Share
Companies-default

Yesterday (November 1) the Government announced £1.9 billion plans to boost cyber security. The strategy is set to use a range of measures to protect the economy, infrastructure, businesses and individuals.

According to chancellor Philip Hammond, ageing commercial IT systems, a growing shortage of computer security experts and the rise of ‘user friendly’ hacking tools are all adding to the growing threat.

Nigel Taylor, founder and chairman of Taylor Made Computer Solutions in Fareham, commented: “We wholeheartedly welcome this much-needed investment in cyber security, which will protect businesses and individuals as well as the country’s security.

"The risk and frequency of cyber crime is undoubtedly increasing, with latest figures showing it’s businesses that are taking the hardest blow. According to figures released by Get Safe Online and Action Fraud, cyber crime cost UK businesses more than £1b last year.

"In this post-Brexit climate it’s vital that we position the UK as a good – and safe - place to do business online. As the chancellor says, trust in the Internet and the infrastructure on which is relies is fundamental to our future, and today’s announcement goes some way to reassure businesses that cyber security is high on the agenda.

"We’re particularly pleased to see part of the £1.9b funding package will go towards education and training of cybersecurity experts. The online landscape is evolving at an incredible pace and it’s important that we remain right at the forefront of the latest changes in order to be one step ahead of these cyber criminals.

"While the Government is making strides in improving our national cyber security there are steps we can all take as business leaders to protect ourselves from online crime. Identifying potential risks should be a key part of every business’s strategy and these should be reviewed regularly. Similarly, Mr Hamond is right when he says that cyber crime is no longer an issue just for the IT department. Teaching staff at all levels about the risks involved in their everyday roles should be engrained in every organisation’s induction and training plan."

Fareham: Taylor Made welcomes £1.9b cyber security boost
Nigel Taylor

Related topics

Related articles

Upcoming events

view more
06
Jun

South Coast Property Awards 2024

Hilton Southampton
Utilita Bowl
More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
12
Sep

Thames Valley Property Awards 2024

Ascot Pavilion
Ascot Racecourse
More info
03
Oct

South Coast Tech & Innovation Awards 2024

Hilton Southampton
Utilita Bowl
More info
07
Nov

Thames Valley Deals Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info

Related articles