The article highlights the UK government's response to a series of cyber attacks on major retailers, including Harrods and Marks & Spencer. Chancellor Pat McFadden stresses the importance of cybersecurity, stating it is a necessity, not a luxury. He announces a £16 million package to bolster defenses against these threats. The speech, delivered at the CyberUK conference, addresses the seriousness of cybercrime, likening it to an organized crime situation focused on extortion and damage to businesses. The government is ramping up efforts to protect firms as vulnerabilities become increasingly evident.
Cyber attacks are not a game. Not a clever exercise. They are serious organised crime. The purpose is to damage and extort.
Chancellor Pat McFadden emphasizes that cybersecurity is not a luxury, but an absolute necessity, announcing a £16 million package to enhance defenses.
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