If this is true, is the UK £1.9 billion Cyber Security investment enough, or is it already too late?
On 1st November 2016, the UK Government announced a new £1.9 billion cyber security strategy, aimed at matching the abilities of rogue states who currently would have the upper hand when it comes to an act of warfare in cyberspace. Chancellor Philip Hammond was clear that he wanted to “strike back” against cyber criminals, and failure to do this could have “devastating effects”. Hammond proposes the new strategy will help the UK retaliate against cyber attacks.
The announcement comes following a warning from MI5 that Russia pose an increased cyber threat. With the UK current threat level for international terrorism remaining at SEVERE, meaning an attack is highly likely, the UK Government is clearly now concerned about the technical expertise of their savvy international opponents and the vulnerability this places on the UK.