March 6, 2016
UK spy agency GCHQ has admitted it is losing the cybersecurity battle on a national level, despite throwing money at the problem.
Alex Dewedney, director of cybersecurity at CESG – the information security arm of GCHQ – warned that it will take a lot more than cash to bring cybersecurity threats under control.
It hasn’t worked
He said: “I think the best way to sum up the challenge we face is that while we’ve done a lot over the past five years and spent quite a lot of money as a Government, particularly in those years of austerity we’ve been through, the bottom line is it hasn’t worked.”