WIREDGOV

The internet-related market in the UK is now estimated to be worth £82 billion a year. British businesses earn £1 in every £5 from the internet.

The growth of the internet has transformed our everyday lives and is an important part of our economy. But with greater openness, interconnection and dependency comes greater vulnerability.

The National Security Strategy categorised cyber attacks as a Tier One threat to our national security, alongside international terrorism. The threat to our national security from cyber attacks is real and growing. Terrorists, rogue states and cyber criminals are among those targeting computer systems in the UK.

93% of large corporations and 76% of small businesses reported a cyber breach in the past year.

On average over 33,000 malicious emails are blocked at the Gateway to the Government Secure Intranet (GSI) every month. These are likely to contain - or link to - sophisticated malware. A far greater number of malicious, but less sophisticated emails and spam are blocked each month.

With the cost for a cyber-security breach estimated between £110,000 to 250,000 for large businesses and £15,000 to 30,000 for smaller ones, the government must look at new ways to protect businesses and make the UK more resilient to cyber-attacks and crime.

Click HERE for more details on proposed government actions  

Policy detail