Threat Management

GCHQ to fund startups to fight cyber-crime

Britain's shadowy spy agency GCHQ is reported to become more open by turning to cyber-security startups to fight the good fight against cyber-crime as part of ambitious plans to become a world leader in cyber-security.

In partnership with telecom-company Telefonica who owns startup accelerator Wayra and the Department for Culture, Media and Sport (DCMS), GCHQ is to go on the hunt for cutting-edge tech startups.

As part of the deal, GCHQ is planning to share its expertise on cryptography and intelligence analysis, while making their top security minds available to advise the startups on making their ideas as strong as possible.

GCHQ's deputy director for cyber-skills and growth Chris Esnor said, “Cyber-security is a team sport and as threats become more prolific and more complex, we should be sharing our experiences and views because there's so much we can learn from each other.”

This initiative is part of the government's plans to invest £1.9bn in cyber-security over the next five years, started up by ex-Prime Minister David Cameron.

Minister of State responsible for digital policy at the DCMS said: “We are making progress in our ambitious programme to support innovation in cyber-security, grow the UK's thriving sector and protect Britain from cyber-attacks and threats.”  

Hancock continued: “Our two new Cyber Innovation Centres will bring together government, academic and business expertise, and will be invaluable in helping support start-up companies and develop world-class cyber technology”

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