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UK cyber security: the role of insurance

March 24, 2015 Comments off

UK cyber security: the role of insurance
Source: Cabinet Office, Department for Business, Innovation & Skills and UK Trade & Investment
From press release:

Last year 81% of large UK businesses and 60% of small companies suffered a cyber security breach. A report published on 23 March by HM Government and Marsh, one of the UK’s leading insurance brokers and risk advisors, announces new joint initiatives between government and the insurance sector to help firms get to grips with cyber risk; to establish cyber insurance as part of firms’ cyber toolkits and cement London as the global centre for cyber risk management.

The report, ‘UK cyber security: the role of insurance in managing and mitigating the risk’, has been produced in collaboration with the UK’s insurance market and a number of top UK companies. It aims to make the UK a world centre for cyber security insurance. In particular, it highlights the exposure of firms to cyber attacks among their suppliers with a key agreement that participating insurers will include the government’s Cyber Essentials certification as part of their risk assessment for small and medium businesses.

Cyber threats are estimated to cost the UK economy billions of pounds each year with the cost of cyber attacks nearly doubling between 2013 and 2014.

UK — Unlocking the sharing economy: An independent review

March 23, 2015 Comments off

Unlocking the sharing economy: An independent review (PDF)
Source: Department for Business, Innovation and Skills

The sharing economy allows people to share property, resources, time and skills across online platforms. This can unlock previously unused, or under-used assets – helping people make money from their empty spare room and the tools in their sheds they use once a year. It allows people to go from owning expensive assets, such as cars, to paying for them only when they need them. Individuals can make more from their skills, and work more flexibly.

There has been tremendous growth in the sharing economy in recent years, and this is set to continue. This is a huge opportunity for the UK, and our ambition should be to be the world’s leading sharing economy.

As with all disruption, we also need to be careful. Sharing economy businesses and traditional operators need to be treated fairly, particularly in terms of regulation. Consumers must be protected, and trust must be strengthened in online transactions. However, a degree of caution should not stop us from embracing the potential sharing offers for a new, more efficient and more flexible economy.

UK — Research and analysis: Report on small firms 2010 to 2015 by Lord Young

February 12, 2015 Comments off

Research and analysis: Report on small firms 2010 to 2015 by Lord Young
Source: Prime Minister’s Office, 10 Downing Street, Cabinet Office and Department for Business, Innovation & Skills

There are now a record number of small firms in the UK, 5.2 million, an increase of 760,000 since 2010, and a record number of people in work.

It finds that our changing relationship with the internet has brought down barriers to help people turn good ideas into viable businesses. The government has rolled out super-fast broadband to over 2 million UK homes and businesses. The increasing use of tablets and smartphones providing mobile internet access has made it easier for business owners to reach their customers and make sales.

The report charts a culture change; more people are choosing to be their own boss because of conviction in their own ideas. It also covers enterprise in education, changing public procurement, finance models and support for businesses, and includes case studies.

It also outlines how government policies providing more support for small firms and new enterprises have helped change the business environment over the past 5 years.

UK — New measures to tighten up the immigration system

July 31, 2014 Comments off

New measures to tighten up the immigration system
Source: Department for Business, Innovation & Skills and Home Office

A new crackdown on immigration abuses was announced today by the Prime Minister and the Home Secretary as part of the government’s long-term economic plan to secure a better future for Britain.

From November, tougher rules will be imposed on universities and colleges who sponsor international students to study in the UK. Currently, educational institutions cannot enjoy highly trusted sponsor status if 20% or more of the individuals they have offered places to are refused visas. But that figure will be cut to 10% in November after a 3 month transitional period for colleges and universities to re-examine their admissions procedures before offering individuals places.

The Prime Minister also announced plans to halve the period over which European migrants can claim benefits. From November, European jobseekers will only be able to claim Jobseekers Allowance and other key welfare benefits for a maximum period of 3 months. This follows tough changes that were announced earlier this year to introduce a minimum 3 month delay to claiming benefits and to cut off benefits after 6 months unless the individual has very clear job prospects.

Shaping the future of the UK space sector

May 9, 2014 Comments off

Shaping the future of the UK space sector
Source: UK Space Agency; Department for Business, Innovation & Skills; Ministry of Defence; Foreign & Commonwealth Office; Home Office

The government has today (30 April 2014) released two new policies that will shape the future of the UK’s growing space industry.

The government response to the space Innovation and Growth Strategy (IGS) action plan 2014 – 2030 and the national space security policy (NSSP) set out plans to achieve a £40 billion UK space industry by 2030 and a coherent approach to protecting the UK’s space assets.

Minister for Universities and Science, David Willetts said:

The space sector continues to thrive, and is one of our 8 Great Technologies with the potential to propel UK growth.

Space industries already support 95,000 full time jobs and generate £9.1 billion for the economy each year, and our response to the Growth Action Plan shows our commitment to secure its future growth and realise ambitions to develop a viable UK space port for commercial space flight.”

UK — Cyber security skills: a guide for business

March 17, 2014 Comments off

Cyber security skills: a guide for business
Source: Department for Business, Innovation & Skills, Cabinet Office and Government Communications Headquarters

This guidance sets out a range of government and industry-supported cyber security skills activities and initiatives. It details how individual businesses can find out more, and participate and benefit from the initiatives.

UK — Communique: strengthening the cyber security of our essential services

February 21, 2014 Comments off

Communique: strengthening the cyber security of our essential services
Source: Cabinet Office, Department for Business, Innovation & Skills and National security and intelligence

A joint communique from ministers, senior officials and regulators sets out steps to address cyber security challenges for essential services.

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