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UK signs deal to protect business from cyber-threats

The UK has agreed to new guidelines set by the World Economic Forum (WEF) which aim to protect e-commerce from cyber-threats.

Foreign Secretary William Hague has signed the ‘Cyber Resilience Principles’, which sees the UK join over 70 companies and government bodies from 25 countries in demonstrating commitment to protecting digital networks worldwide.

“We hope that signing the WEF Principles on Cyber Resilience will encourage business leaders all over the world to lead the way in creating shared principles for a resilient and thriving internet,” said Hague.

“Cyberspace must be secure and reliable so that it is trusted as a medium for doing business but at the same time free and open to evolve and innovate naturally. Governments should support the key role of the private sector in creating a trusted and open place to do business both at home and abroad. The WEF principles will help us all – individuals, companies and governments - in our shared aim to promote a safe and secure digital environment to do business.”

The UK government has already been active in cyber security policy this year, with the Cabinet Office announcing the launch of a wide-reaching education initiative about Internet safety.

Francis Maude, who is the Minister for Cyber Security at the Cabinet Office, said of the WEF agreement, “Cyber security is a shared, global challenge - our companies operate in a global marketplace. The cyber threat knows no geographical boundaries and it matters that those we connect to are secure as well.”

Despite its apparent efforts in shoring up the UK’s cyber-defence, the government nevertheless came under attack from MPs earlier this month, amid criticism that the UK has become over-reliant on the potentially vulnerable IT network that supports the Ministry of Defence.