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17 September 2012
The government has announced plans to establish a new academic research institute that will focus on analysing the science behind cyber security.
To be funded by a £3.8 million grant, the institute will be established by the UK Government Communications Headquarters (GCHQ) and will bring together experts in the field to tackle key IT security challenges facing British organisations.
It is hoped that this will generate data that can help businesses and other bodies to make informed decisions about how to implement better cyber protection measures.
Currently, eight percent of the country's GDP is generated online, underlining the importance of avoiding complacency about security issues.
David Willetts, minister for universities and science, said: "Britain has one of the largest online economies in the world and a growing cyber security sector, and we need to ensure this success continues."
It was announced earlier this month that GCHQ will be providing UK businesses with insight into combating cybercrime as part of a new government programme.