Chancellors Investment In Technology And Cyber-Security Falls Well Short

By   ISBuzz Team
Writer , Information Security Buzz | Mar 09, 2017 01:18 pm PST

Following the Chancellors announcement in the Spring Budget, regarding investment in technology and cyber security, Dr Jamie Graves, CEO at Cyber-Security Firm ZoneFox commented below.

Jamie believes that the investment in technology falls well short and more must be done and is also a believer that an increased investment must be made in the country’s cyber security, as a whole.

Dr Jamie Graves, CEO at ZoneFox: 

jamie-graves“The Spring Budget, made some good steps in terms of investment into the tech sector, but I still believe there is a lack of detail about how it will be spent. I also feel the commitments made today simply aren’t enough to ensure the UK remains on par with other tech hubs like Germany and the US.

In Britain, 10 per cent of GDP is made up by digital companies and you’d be hard pressed to find any company that doesn’t rely on technology to carry out fundamental business practices each day. With Brexit looming and other nations circling to take tech talent away, I would have expected Phillip Hammond to place more focus on keeping the tech jobs and innovation we are so proud of, in the country.

We also didn’t hear enough details on how the government is going to invest in cyber-security, to ensure the UK is robustly protected against this modern threat. We need to have guarantees that the very latest in cyber-security is developed here to ensure the country is safe-guarded at all times.”

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