Lord Mendelsohn – 2016 Parliamentary Question to the Home Office
The below Parliamentary question was asked by Lord Mendelsohn on 2016-05-09.
To ask Her Majesty’s Government what action they are taking to ensure that businesses and individuals are being adequately protected from the financial impact of cybercrime.
Lord Keen of Elie
Through the National Cyber Security Programme (NCSP), we invested over £90 million during the last Parliament to bolster the law enforcement response. As the Chancellor announced in November, this Government has committed to spending £1.9 billion on cyber security over the next five years, including activity to help businesses and individuals protect themselves from cyber crime. The Government is also creating the National Cyber Security Centre, which will open in October 2016, to simplify the current cyber security landscape. This year, we will also publish a second five-year National Cyber Security Strategy which will set out our approach to how we will continue to defend the UK from cyber crime.
Through the NCSP we are funding the Cyber Streetwise campaign (www.cyberstreetwise.com), which encourages the public and Small and Medium Enterprises to adopt more secure online behaviour. The latest phase of the campaign, launched in September 2015, is focussed on addressing the estimated 80% of cyber crime that could be prevented through the adoption of three simple online behaviours: use three random words to create a strong password; install security software on all devices; and always download the latest software and app updates as soon as they appear.
We are also clear that banks have a central role in the prevention of fraud and cyber crime. The Home Secretary announced our new Joint Fraud Taskforce on 10 February. The Taskforce is a collaboration of the banks, law enforcement and government, at the most senior levels. Its aim is to protect the public from financial fraud, including cyber-enabled fraud, to reduce the impact of fraud on victims and increase the disruption and prosecution of fraudsters.
