Expert Reaction On UK Cyber Security Attracts Record Investment

By   ISBuzz Team
Writer , Information Security Buzz | Feb 19, 2021 09:24 am PST

The UK’s growing cyber industry attracted record investment last year despite the global pandemic, according to a new government report. The DCMS Annual Cyber Sector Report, which tracks the UK’s cybersecurity industry across a range of indicators between April 2019 and December 2020, reveals a 21 percent increase in firms operating in the field, bringing the total number to 1,483. Almost 50,000 people have now employed in UK cybersecurity. The sector is now worth an estimated £8.9 billion, with a record £800 million of investment raised by firms. This year’s survey also suggests that more than half of firms (54 percent) are now based outside of London and the South East, with cybersecurity clusters flourishing across the country in areas such as Scotland, Northern Ireland, and North West England.