Chancellor of the Duchy of Lancaster Pat McFadden will highlight the urgent need for improved cybersecurity measures as recent attacks have targeted major UK retailers.
Summary
The UK government is set to announce a £16 million package to strengthen cybersecurity following a series of alarming attacks on prominent retailers, including Harrods and Marks & Spencer. In a forthcoming speech at the CyberUK conference, McFadden will stress that cybersecurity is an “absolute necessity” for all businesses, warning that recent breaches should serve as a wake-up call.
The measures will focus on enhancing technological defences, including driving investment into innovative memory protection chips and establishing a software security code of practice. The funding will also include support for the UK’s AI security research and aid for Ukrainian cyber defences, as part of a broader commitment to international cybersecurity efforts.
Key Points
- The government is earmarking £16 million to boost cybersecurity across the UK.
- Recent breaches, such as attacks on Harrods and Marks & Spencer, demonstrate the urgency of enhancing protections.
- Investment in memory protection technology to stop a significant percentage of cyber attacks is included.
- A new cybersecurity code of practice for software development will outline essential security measures to safeguard products.
- An additional £8 million will be allocated to support Ukrainian cybersecurity initiatives amidst ongoing threats from Russia.
Why should I read this?
If keeping your data safe is on your mind (and it should be), you won’t want to miss this. The government’s fresh approach to combatting cyber threats is crucial for every business and organisation out there. By being proactive about cybersecurity, you could save yourself a world of hassle down the line. Look out for what’s coming next – it could be the difference between staying secure or facing significant risks!