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UK Raises Cybersecurity Spending to $2.3 Billion

Britain's finance minister on Tuesday announced government's new five year National Cyber Security Strategy, almost doubling the funding from its 2011 plan to 1.9 billion-pound ($2.3 billion). "If we do not have the ability to respond in cyberspace to an attack which takes down our power networks, leaving us in darkness, or hits our air traffic control system, grounding our planes, we would be left with the impossible choice of turning the other cheek and ignoring the devastating consequences or resorting to a military response," Chancellor Philip Hammond said at a technology conference in London. "We will not only defend ourselves in cyberspace, we will strike back in kind when we are attacked," he added.

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