Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Cyber chiefs slam Parliament’s ‘pitiful’ £6.5m cyber budget increase amidst China threat

by March 27, 2024
March 27, 2024
Cyber chiefs slam Parliament’s ‘pitiful’ £6.5m cyber budget increase amidst China threat

Parliament has boosted its IT budget by only £6.5m in the last financial year as MPs and peers face a barrage of cyber attacks from China, according to official figures.

Data obtained under the Freedom of Information (FOI) Act by the Parliament Street think tank shows that Parliament’s overall IT budget jumped to £67,702,898 – up from £61,154,627 the previous year and an increase of only 11%. The figures also show a sharp increase in IT specialists employed by Parliament, with headcount rising to 548 staffers, up from 496 the previous year.

The news comes as the deputy prime minister, Oliver Dowden formally informed parliament of the attacks, putting the nation on red alert.

But some security experts criticised the lack of investment in IT at a time when MPs were being targeted by hackers.

Security expert Suid Adeyanju, CEO, RiverSafe said: “Our elected officials deserve the highest standards of cyber protection, and these spending figures seem pitiful when compared to the scale of the threat. The growing volume of sophisticated security attacks on MPs and peers requires immediate and urgent action, including military-grade encryption, the latest training and ransomware prevention strategies.”

Cyber guru Achi Lewis, Area VP EMEA of Absolute Software said: “Increasing tech investment is critical for protecting against security risks. Our MPs manage incredibly confidential data that in the wrong hands could pose a major threat to national security.”

However tech expert Derek Mackenzie, CEO, Investigo praised the increased investment, saying: “It’s encouraging to see a substantial boost in IT staffing at a time when Parliament and many other organisations are facing a relentless cyber risk. Having a tech team equipped with the latest AI and cyber skills is critical for protecting organisations from outsider threats.”

Read more:
Cyber chiefs slam Parliament’s ‘pitiful’ £6.5m cyber budget increase amidst China threat

0
FacebookTwitterGoogle +Pinterest
previous post
The power of a negative review
next post
CBI Under Fire for Using Gagging Clauses Amid Sexual Misconduct Claims

You may also like

Renewable and nuclear power suppliers will be asked...

September 9, 2022

Can Gambling Regulators Combat Crypto Payments Entering The...

March 26, 2025

The ultimate guide to finding the best bingo...

January 4, 2023

Private sector growth flat in August as demand...

August 24, 2022

The Main Goal in Web Development: Deliver Business...

December 14, 2023

Nearly 3,000 HMRC laptops and phones lost or...

August 1, 2025

Mutual fund Fidelity says value of X down...

January 3, 2024

Forecasting vs Budgeting: How Financial Models Differ in...

October 11, 2024

HMRC to slash physical post – unless you...

June 14, 2025

General Motors profits tumble by a third as...

July 23, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump opens door to 600,000 Chinese students amid Beijing trade talks

      August 26, 2025
    • Epstein estate hit with new House subpoena for ‘client list,’ call logs

      August 25, 2025
    • Trump’s Blast of Hot Air on Flag Burning

      August 25, 2025
    • The AI Action Plan: The Risks of Federal Ideological Bias Action

      August 25, 2025
    • Bolton unleashes on Trump Ukraine policy days after FBI raid

      August 25, 2025
    • Trump threatens lawsuit over century-old Senate tradition delaying his nominees

      August 25, 2025

    Categories

    • Business (8,876)
    • Investing (2,239)
    • Politics (16,487)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved