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Blog : BOARD TALK

Cyber Security: Turning A Threat Into An Opportunity

Posted on January 18, 2015 at 2:35 PM

Give credit where it's due - there is nothing quite like turning a threat into an opportunity. This is exactly what the UK government appears to be doing, with the Prime Minister's visit to the United States with UK cyber security firms.


Billed widely as 'joint collaboration re cyber attacks' , the trip is, in fact, a bid to win more British business for the sector. A group of 12 UK cyber security firms are also travelling to Washington to meet a host of US businesses, says the Department for Business, Innovation & Skills.


It says the UK cyber security sector "has world leading capabilitues and is worth over £6bn, employing 40,000 people. UK cyber security exports increased 22% from £850m to over £1bn during 2013 and are track to meet a taregt of £2bn by 2016.


The UK government has been tugging hard to get businesses to acknowledge the importance of both the threat, and invest in defences. It seems to be working (slowly): five more FTSE100 companies have this week announced their intention to adopt the UK's Cyber Essentials Scheme, which was launched in June 2014.


In case you want to factor this in to your desire to invest in them, the companies are: National Grid, GlaxoSmithKline, Standard Chartered Bank, Aberdeen Asset Management and Babcock International.


THIS is what you need to read to learn more about this inititaive - and the firms involved so far.





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