In the digital era, many governments around the world are committing immense resources towards ensuring sufficient national cyber security and vulnerability management.
But the UK government has now taken an unprecedented step in this department, announcing recently that it has invested 3.8 million (AUS$5.86 million) into establishing a new cyber security research centre at University College London.
said UK minister for universities and science David Willetts in a statement released September 13.
It is hoped that the Research Institute in the Science of Cyber Security will be able to provide entities located in the UK with greater information about cyber security in order to allow them to make more informed decisions about this increasingly important issue.
While the institute is to be physically located in London, it will also be a s most pressing cyber security concerns.
The 2012 Norton Cybercrime Report, released September 5, speculated that cybercrime costs Europe an annual US$16 billion. In comparison, Australia is estimated to lose US$2 billion every year to consumer cybercrime.
Businesses concerned about their own cyber security and the ongoing risk of digital crime might consider undergoing a security audit or penetration testing in order to properly evaluate the strengths and weaknesses of their system.
The Research Institute in the Science of Cyber Security is scheduled to officially open on October 1 2012 and will remain operational for a period of three and a half years.