The UK government is to invest more than £850m to develop and maintain what it calls “cutting-edge” capabilities to tackle cyber threats.

“Crime is at record low levels and this government is taking action to tackle the cyber threat, investing more than £850m through the national cyber security programme,” the Home Office told ITV news.

The statement comes after a report by the Home Affairs Select Committee said that, despite being the preferred target of online criminals in 25 countries, the UK is still complacent about cyber crime.

The report said funding and resources for tackling online crime – which includes identity theft, industrial espionage, credit-card fraud and child exploitation – has not been sufficiently allocated.

SOURCE: computerweekly.com