The government will prioritise cyber security and cyber technology in its forthcoming Industrial Strategy As it looks for ways to boost the economic growth of the uk.
The Chancellor of the Duchy of Lancaster Pat McFadden will use a speech to announs that the cyber sector will be a “prime target for economic growth” in labour's Industrial Strategy – Expected to be published next month.
The minister will tell tour business leaders and Technology Experts at a Cyber Security Conference on Wednsday 7 May that Investment in the Cyber Sector will delir a “divedend” – Generating Jobs in the UK While at the same time “Protecting growth” in other sectors by improvement cyber security.
McFadden's Intervention Comes as UK Retailers, Including Marks & Spencer, The Co-op and Harrods face fall out from raansomware Attacks that have serially damaged their IT Systems and Disrupted Day to Day Operations.
McFadden is expected to attribute the attributes to “Serious Organized Crime” Warning That The Incidents Should SERVE SERVE AS A A “Wake -P Call” For Busines and Organizations Creatation The UK and The THEROSS The UK and The THEROSS Cyber Security as “An Absolute Necessity”.
UK to Fund Ukraine Cyber Defense
The minister will also also announs plans for the UK to Invest £ 8 Million in Ukrainian Cyber Defense, More than £ 1 Million to Protect Moldovan Elections, and An Extra £ 7 Million for AI SECURITY RESERCH.
The minister is due to tell the audience at the national cyber security center Including the regions.
He will say that the government will “Turbo Charge” The Cyber Sector in Labor's Upcoming Industrial Strategy, as Part of a Drive to “Kick Start” Economic Growth in the Uk and To Put More Money in Working PEOPLES Pockets.
“There is enormous potential for cyber security to be a driving force in our economy – Creating Jobs, Growth and Opportunities for people. It's already a sector on the up – with operations across the uk, “He will say.
“We want the benefits of the cyber industry to reach into communities all account Government secures britain's future.
More support for ukraine
The government will also also Announce Plans to Spend £ 8 Million Supporting The Ukraine to Defend Itself Against Russian Cyber-Attacks Over the Next 12 months.
“Ukraine has put up an incredibly brave fight against putin's cyberfare, and we have vowed to stand shoulder to shoulder to shoulder with ukraine for as long as it takes to defend their sovereign
Support for Ukraine come on top of a £ 1.1 million investment to give the moldovan government tools to protect the Country's Upcoming Parliamentary Election Against Russian Disinformation Campaigns.
Russia was accused of “Massive” election manipulation in romania leading to the annulment of elections In March after Russia supported a pro-moscow populist Candidate Cǎlin Georgescu.
Cyber security growth in uk regions
In the UK, according to the cabinet office, cyber technology is contributing to growth across the uk regions
The Sector Holds 67,000 Jobs, UP 6,600 in the Last Year, and Revenues Now Top £ 13bn, Up by 12% Year-Over-Year, McFadden will say.
The north west of england is one of the regions that have seen a big upswing in cyber security. The area has benefited as the intended home of the National Cyber Force In Salmesbury, Lancashire, The UK's Offense Cyber Operation, Which AIMS to COUNTER Threats from Terrorists, Criminals and States, and Has Prompted Collaborations Between Universities and HIGH-to-Tech busines The region.
According to Figures Released Today 8% of UK Cyber Security Firms and 10% of UK Cyber Security Employment is based in North West England, with the Average Cyber Security Salary in the Reagion Region Reaching.
For the first time last year, the highest proportion (49%) of external cyber security investment was in the north west, Following Six Investments WORTH Over £ 100m in 2024. This was followed by the South East (21%), London (14%).
Retail hackers are 'wake up call'
McFadden will also also urge businesses and organisations in the uk to take cyber security serially following ransomware attackers on recentors in recently Shakedown ”.
“Cyber Attacks are not a game. Not a clever exercise.
“What we have seen over the past couple of weeks should serve as a wake-up call for businesses and organisations up and down the uk, as if we needed one, that cybersecurity is not a luxury but a lauxury but an officer Necessity, “He will add.
More Funding for AI Security Research Lab
The Chancellor of the Duchy of Lancaster will also give a program report on the Laboratory for AI Security Research (Lasr) He launched last November.
The Artificial Intelligence (AI) Cyber Lab was to be backed with £ 8.22m of public money to give the uk an advantage in the “AI Arms Race”, McFadden said Last Year.
Lasr has now funded 10 phds at the university of oxford; 9 Resarchers at the TURING Institute and “Pioneing Research” through 8 Leading Uk Universities Including Queen's University Belfast and Lancaster University.
The minister will announs an additional £ 7 million of government funding and a partnership between the AI lab and cisco.
“Cisco will work with lasr, and in particular the NCSC (National Cyber Security Center), to run challenges across the uk and build a demonstrator here in the North West to Showcase How Or Ornaers Cain Work togeether to manage the risk, build the skills and grasp the options of ai security, “He will say.
“This is the first collaboration of its kind with lasr, and will be a trailblazer where others can follow to help lasr drive cutting-road research into the impact of ai on on National Security”.
Cyber Protection Initiatives
Fryal Clark MP, The Parliamentary Under-Secondary of State for Ai and Digital Government, At the Department for Science, Innovation and Technology will use the conference to Launch a series to boot Cyber Protection for Individuals and Businesses.
They include a software security code of practice “Promoting” essential steps ”to secure software suppliers or developed internal.
The guidance will mirror an earlier ai security code of practice, which will today be adopted by the European Telecommunications Standards Institute.
The government will also also “drive investment” in the development of a secure chip technology, Cheri, That protects memory in microprocessors against cyber-atacks.
Some 4.5 Million will be spent helping firms brings the chips to market, find customers and encourage their use, Clark Will Announce.