View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Cybersecurity
September 11, 2014

Gov cyber security programme ‘not delivering economic benefit’

What is to blame for lagging UK cyber exports growth?

By Joe Curtis

Britain’s National Cyber Security Programme is failing to deliver promised economic benefits for UK businesses, according to a watchdog.

The £860m scheme has not done enough to encourage trade and exports in cyber security products, said the National Audit Office (NAO).

It pointed out that despite a 22% rise in UK cyber security product exports in 2012/13, the Government has only just agreed a methodology to measure progress towards hitting a £2bn export target announced at the end of 2013.

The report read: "Progress in encouraging trade and exports in cyber products and services has been slow and is the area of poorest performance, scoring the lowest rating in our survey."

The NAO blamed this in part on the Cabinet Office’s UK Trade and Investment marketing strategy suffering a 14-month delay, not being published until May 2013.

It added: "There is a question over what counts as UK income from cyber exports. The nature of cyber products means that it is often possible for operations in the UK with intellectual property developed by UK employees to be owned by a foreign company.

"The ultimate destination for this income being generated by UK intellectual property may therefore not be the UK economy. All of these factors make accurate measurement of the target difficult."

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

The report also found that demand for cyber skills "remains considerable" despite education and training initiatives, and success in encouraging larger firms to mitigate cyber risks must be balanced with a "limited impact" on the attitudes of SMBs.

But overall it said the programme has made good progress in improving understanding of the biggest cyber threats.

"The government continues to make good progress in implementing the programme, which is helping to build capability, mitigate risk and change attitudes, as well as taking advantage of opportunities for economic growth," the report read.

"But cyber threats continue to evolve and the government must increase the pace of change in some areas to meet its objectives."

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU