UK Government to spend more on Cyber security

The video discusses the pervasive threat of cyber attacks across various sectors, highlighting the US presidential election as a target for Russian hackers. The UK government, aiming to prevent similar incidents, has announced a 1.9 billion pound National Cybersecurity strategy. This strategy focuses on strengthening infrastructure defenses, developing a cyber research institute, and enhancing deterrence capabilities. Despite the significant budget, the cost of cybercrime globally is much higher, prompting collaboration with industry and academia. The video also illustrates the real-world impact of cyber attacks, such as the disruption of hospital services in Lincolnshire.

What is the estimated cost of cybercrime to the global economy each year?

Why is it important for the government to collaborate with cybersecurity companies?