“Cyberspace must be secure and reliable so that it is trusted as a medium for doing business but at the same time free and open to evolve and innovate naturally,” he added.
Cabinet Office minister for cyber security, Francis Maude, commented that by sharing the UK’s expertise with other nations all organisations will benefit from greater protection from cyber attacks. Maude has previously earmarked £650 million for the UK’s fight against cyber crime, and last month heralded the success of the UK’s Cyber Security Strategy, claiming that “a great deal has already been accomplished”.
The EU also made moves to create a more cohesive strategy to combat the “borderless” nature of cyber criminals, announcing the opening of a European Cybercrime Centre earlier this month, enabling greater colloboration between authorities in member states. However, the discovery of the Red October threat by Kaspersky Lab last week highlighted the extent of the challenge that faces businesses and government authorities in stemming the tide of increasingly sophisticated cyber attacks.
Link: http://www.cso.com.au/article/452001/uk_signs_up_world_economic_forum_cyber_crime_initiative/