First Winners Of £10m British Cyber Security Fund

Uploaded on 2020-06-25 in GOVERNMENT-National, FREE TO VIEW, BUSINESS-Services-IT & Telecoms

The British Government has announced the first winners of a £10 million fund for new cyber security technologies to protect businesses from cyber attacks. According to the governmnet's own Cyber Security Breaches Survey 2020, almost half of businesses (46%) have reported experiencing a cyber-attack or breach in the last 12 months.

The programme was launchedin 2019 to find solutions with the aim to reduce errors and security flaws targeted by hackers. Nine research team winners of the Digital Security by Design competition have been announced and will share the fund.

Teams from the University of Southampton, University of Glasgow and University of Birmingham are among the winners announced by UK Digital Secretary Oliver Dowden. “We have a world class cyber security sector and together we are working hard to make sure the UK is the safest place to work, connect and live online,” he said.

The Government said the grant winners will use their new funding to develop enhanced software and applications that ensure computer systems are secure and any hacking attempts can be contained.

The new secure software created could be used in the future by organisations including banks and healthcare services.

Science minister Amanda Solloway said: “Cyber-attacks can cause significant economic and social damage and leave a lasting mark on affected businesses....Today’s funding will allow some of the country’s most innovative businesses and academics to work together on digital solutions to tackle these threats".

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