Cyber businesses need to ensure they are protected
WHEN visiting local companies in the Beaconsfield constituency, I am aware that often global exports and earnings by our exporters may no longer involve goods being physically shipped from place to place.
The digital marketplace and economy is a growing part of the UK industry.
In fact, it is growing three times faster than the overall economy and it already employs more than a million people.
One pound in every £5 earned by our British industries come from internet transactions.
With that expansion, though, comes a risk of cyber threats.
Countering such threats was a feature of the recent trade initiative when the prime minister visited the United States.
A special cyber security envoy has been appointed and will be based at the British Embassy, in Washington, to help the UK’s small businesses and those which are first time exporters.
There is also an updated government publication, ‘10 Steps to Cyber Security’, which contains detailed information on how businesses can protect themselves from cyber criminals.
Of course UK companies are capable of providing cyber security measures and of providing these to other businesses, whether within this country or to overseas enterprises too.
The UK cyber security sector is worth more than £6billion and it employs 40,000 people in this country. The growth in cyber security exports grew by 22 per cent during 2013 – from £850 million to more than £1 billion that year.
The target is for the business generated by this sector to double to £2billion by 2016.
Companies seeking information about improved cyber security can contact the Business Support Helpline, the Business Growth Service and www.greatbusiness. gov.uk.