Home News Raft of measures designed to boost UK cyber security companies unveiled by Government

Raft of measures designed to boost UK cyber security companies unveiled by Government

by Brian Sims
Prime Minister David Cameron: assisting UK cyber security businesses

Prime Minister David Cameron: assisting UK cyber security businesses

New measures designed to assist businesses in facing ‘the cyber security challenge’ and help our digital space organisations tap into the US market have been announced as Prime Minister David Cameron visits the United States alongside several UK security companies.

The Prime Minister is presently in the US for detailed talks with President Obama. Cyber security is high on the agenda as the UK Government steps up its efforts to combat cyber threats posed against the industry.

In a bid to win more British business for this growing sector, a group of 12 UK cyber security firms are also travelling to Washington to meet a host of US concerns.

New Government support to help UK businesses stay safe in cyber space includes the following:

*a new cyber security envoy has been appointed to help British small businesses and first-time exporters promote their interests across the US. Andy Williams will be based in the British Embassy in Washington and help boost UK-US cyber security deals

*an updated ‘10 Steps to Cyber Security’ guide which shows businesses how to combat various cyber threats

*new research published by the Department for Business, Innovation and Skills which shows top UK companies are improving their responses to cyber threats. The results of the annual Cyber Governance Health Check for FTSE 350 companies highlights increased awareness and action along with areas for improvement

*publication of a new report from GCHQ detailing the common cyber attacks used against industry by cyber criminals and how to stop them

Commenting on this raft of new measures, Prime Minister David Cameron said: “The UK is already leading the way in cyber security and this Government is committed to ensuring it continues to be a leader in this multi-billion dollar industry. That’s why on this trip I’m showcasing some of the leading UK cyber security small businesses, some of whom are already beating the competition by dint of opening offices and securing contracts in the US. We’re also stepping up the practical support we offer UK cyber security companies to make sure they have the best opportunities available to them such that they can win even more business in the US.”

The Prime Minister added: “We need to make sure the UK remains one of the most cyber secure places in the world in which to do business. It’s great news that even more companies have signed up to our Cyber Essentials Scheme to keep themselves safe. We will continue to invest in supporting companies of all sizes with their cyber security.”

Business Secretary Vince Cable

Business Secretary Vince Cable

Business Secretary Vince Cable explained: “The UK boasts a world-leading digital economy growing three times as fast as our overall economy and employing over a million people. Our businesses earn £1 in every £5 from the Internet, so on that basis it’s vital that we work with them to combat online crime and make sure large and small firms alike are well protected. The new measures we’re announcing will boost the UK’s cyber security industry and ensure that UK plc can continue to stay safe and thrive online.”

Improved cyber information and advice

The UK’s cyber security sector boasts world-leading capabilities and is worth over £6 billion, employing no less than 40,000 people.

During 2013, UK cyber security exports increased by 22% from £850 million to over £1 billion and are currently on track to meet a target of £2 billion by 2016.

Further cyber security announcements made the Government include:

*improved cyber security information and advice for businesses via the dedicated Business Support Helpline, the Business Growth Service and www.greatbusiness.gov.uk

*funding for a new cyber security ‘Pre-Accelerator’ Programme formulated to support early stage cyber security start-up firms and fast-track them to success

*funding for a second US-UK Cyber Security Innovation Summit designed to showcase UK cyber companies, increase collaboration with US partners and support innovation

Companies across all sectors are realising the importance of protecting themselves from cyber threats and taking advantage of the support the UK Government already offers to help businesses protect themselves. For instance, five more FTSE 100 companies (National Grid, GlaxoSmithKline, Standard Chartered Bank, Aberdeen Asset Management and Babcock International) and data firm EMC have now announced their intention to adopt the UK’s Cyber Essentials Scheme. The Cyber Essentials Scheme was launched in June last year and provides a set of basic controls to help all organisations protect themselves against the most common cyber threats.

Over 200 companies have now achieved the Cyber Essentials ‘badge’ with a further 150 in the process of realising that goal.

These latest announcements strengthen the Government’s National Cyber Security Programme which was launched in 2011 and is backed with £860 million of investment. They also further the work of the Cyber Growth Partnership, the joint industry and Government group promoting growth and exports in the UK cyber security sector.

Several commercial cyber announcements have also been made:

*Washington-based cyber security specialist private equity firm Paladin Capital Group is helping to grow the UK’s cyber security market by opening a new European office in London

*Following a successful pilot programme, Lockheed Martin is now investing £250,000 in a cyber security Virtual Technology Cluster, bringing together industry, academia and the investment community in partnership with London-based Restoration Partners. It will offer 2,500 UK ‘tech innovators’ the opportunity to become involved in five cyber security contracts which could support a further 250 jobs in the UK.

Companies on the Prime Minister’s delegation

Companies on the Prime Minister’s US delegation with announcements include the following:

*RepKnight, a UK company which specialises in open source cyber intelligence monitoring and analytics, has won its first contract with the US Government which is worth £1.7 million over the next four years

h*Digital Shadows, a London-based cyber intelligence firm which helps businesses protect themselves from hackers, has announced that it will be opening its first US office and creating another 30 jobs

*Cambridge-based cyber defence company DarkTrace, which applies human immune system principles to detect cyber threats, will be extending its US presence thanks to a new headquarters in Washington

Other companies on the delegation are:

*Cambridge Intelligence (Cambridge) helps organisations visualise connected data. Successful customers span sectors including cyber security, law enforcement, military intelligence, intelligence analysis, anti-fraud, data discovery and business intelligence

*Deep-Secure (Malvern, Worcestershire) is a cyber security software specialist with a considerable technology track record for helping organisations in defence, security, the private and public sectors to securely share information

*Ripjar (Gloucestershire and London) provides simple, configurable real-time dashboards and interactive graphics to help organisations benefit from the richness of social media, blogs, news and internal data. The company’s platform is used in Command Centres, at analyst desks and Front of House to bring clarity to organisations’ data

*Garrison Technology (London) is developing a hack-proof Internet experience for corporates that allows users to browse the web, click on links and open e-mail attachments ‘without fear of compromise’. The company’s patent-pending technology uses the latest chip design devised by UK technology leader ARM

*Panaseer (London) cuts through the cyber fear, uncertainty and doubt by helping company executives to answer the fundamental question: “How secure are we?” The Panaseer platform uses Big Data technology to provide the insight needed to understand cyber security risk through an intuitive, executive-friendly interface

*Launched commercially in 2010, Titania (Worcester) has grown rapidly to supply over 60 countries with its software solutions. The multi-award winning Nipper Studio and Paws Studio automate network security and compliance audit reporting processes, in turn enabling organisations to make substantial savings by achieving task results in seconds – tasks that would typically take days or weeks to carry out on a manual basis

*Certivox (London) is the creator of M-Pin, a Zero Password™ Strong Authentication Platform enabling cost-effective and agile strong authentication at the mobile Internet scale. M-Pin eliminates passwords and password database breaches altogether while increasing user safety and convenience

*Surevine (London) designs, builds and supports secure collaboration environments for UK Central Government and organisations with the most demanding security requirements. Its smart collaboration technology joins people up on a secure basis, subsequently enabling a real-time response to cyber threats and incidents

*Cyberlytic (London) provides security intelligence software that reduces the demand and workload of security teams and provides decision support. Through research originally completed for the UK Ministry of Defence, Cyberlytic is the originator and owner of intellectual property relating to real-time risk assessment and the prioritisation of cyber attacks

*Also joining the official delegation during the trip is Intercede, a cyber security software company with offices in the UK and US. Intercede’s MyID system enables enhanced digital trust for authentication, confidentiality and IP protection from networks, mobile devices and The Internet of Things

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