According to Defense Secretary Michael Fallon, more than £40 million will be spend to invest in a new cyber security center that’s designed to protect the Ministry of Defense (MoD).
This Cyber Security Operations Centre is intended to be a committed facility using advanced cyber defense capabilities to protect the MoD cyberspace from threats like cyber criminals, hackers, and cyber espionage.
This investment in the CSOC is due in part to the government’s plans to modernize and transform the MOD’s cyber security capabilities. The government has plans to invest a total of £1.9 billion over the next five years to help strengthen the UK’s defense measures from any possibly devastating cyber-attacks.
Last November, UK Chancellor George Osborne announced the development of a new National Cyber Security Centre, aiming to enhance IT talent at the GCHQ while working with international partners to respond more efficiently and quickly to online attacks.
The NCSC will be based out of London and is set to open in October 2016. Ciaran Martin, Director of General Cyber, and Dr. Ian Levy, Technical Director of Cyber Security at GCHQ will take their respective positions at the NCSC.
This new agency will be the authoritative voice on all things information security for the UK, and their first line of business will be working alongside the Bank of England to produce advice for the financial industry for how to manage cyber security effectively.