UK to boost cyber security resources as Islamic State hackers plan to target hospitals, banks and air traffic control systems
The UK has confirmed that it's boosting its cyber security efforts after intelligence sources informed government officials that Islamic State is preparing to launch cyber attacks on various infrastructures, such as hospitals, banks and air traffic control systems.
Reuters reports that the UK plans to build "elite cyber offensive forces" to fight off hackers, and is pouring a lot of money into the project to make it happen in a timely fashion.
Chancellor George Osborne, the Chancellor of the Exchequer, revealed that the UK is doubling its public spending on cyber security to £1.9 billion (€2.7 billion) annually until the year 2020.
In addition, the British government is building its own 'Defence Advanced Research Projects Agency' to boost cybersecurity.
It will allocate £165 million (€235 million) from the total funding to invest in projects and startups with innovative and cutting edge ideas.
As Forbes Magazine notes, teaming up with and funding private companies is exactly how DARPA works in the US, except the American agency also funds robotics and other types of military technologies.