We will find out about the cybersecurity of the UK. How much is their cybersecurity industry worth? All of these will be answered in this section.
The UK Cybersecurity Trends
In recent years, there has been a massive increase in the use of IoT and AI technology around the world. Nowadays, we can’t even go through a single day without using at least one device that uses some sort of AI and/or IoT technology.
As you can imagine, this has made it more difficult for hackers to hack companies and steal data. However, it is still possible to do so as we can see from some recent examples. If you want to know more about IoT and AI technology.
UK Cybersecurity Industry Worth
The cybersecurity industry of the UK is worth a massive £17.5 billion. They account for a substantial part of the UK economy.
They have approximately 80,000 employees in total. It makes up for a substantial part of their overall economy. The cybersecurity industry is so important to them because they have been getting hacked a lot.
In 2017 alone, they have been hacked by the Russians twice. This is most likely due to their involvement with international events such as Brexit and the European Union.
The cybersecurity of the UK is quite good for international power. They have some very good and experienced people working in the industry.
That is why they have been able to fight off some of the most notorious hackers in the world. However, they are still not very good when it comes to fighting off foreign hackers.
UK Cybersecurity Challenges
The cybersecurity of the UK will be challenged in the next few years.
It is because of how many devices their IoT and AI technology will be implemented.
This will inevitably make it harder for them to protect the data on those devices. As a result, hackers will have a lot more opportunities to steal data from prominent companies and individuals.
UK Cybersecurity Law And Legal Framework
The cybersecurity of the UK has a very good legal framework. The UK has some of the best laws when it comes to cybersecurity as you can see below.
We will go through some of those laws and regulations today.
The Computer Misuse Act 1990
It is one of the most important laws when it comes to cyber security in the UK. It is also one of the oldest ones, as it was passed in 1990. This law deals with a lot of issues regarding cybersecurity.
One major thing that this law deals with is unauthorized access to systems and devices. A person will be punished if they use a computer or device to access someone else’s data without their authorization.
This could be done by hacking someone else’s account or computer network etc.
In addition, this law deals with people who do things. Such as phishing or spamming for financial gain or other purposes.
They can face up to two years in prison if they are caught doing this by the police.
However, the maximum penalty is five years if they cause some sort of significant damage as a result of what they do.