Research has found that since the beginning of lockdown, there has been an increase of 940% in the amount funded for UK cybersecurity start-ups. Despite the Covid-19 pandemic, it is believed that £496m had been raised in the first half of 2020 – this eclipsed the total amount raised in 2019 which was £521m.
Furthermore, the Cybersecurity: Building Business Resilience report claims that business spending on cybersecurity will double to £136bn this year. Given the high demand for cybersecurity services, UK companies have been quick to match the needs of those looking to protect their systems.
