Infosec: The UK minister for universities and science, David Willetts, has predicted cyber security will be a major boom area for the economy in the coming years.
Willetts made the bold claim while speaking at Infosec in London, claiming the UK was already well-placed to grow its security industry.
"We [the UK] have a range of strong and innovative companies providing cyber security and products," said Willetts.
Willetts cited the UK's alternative approach to cyber security as one of its key selling points.
"We have some strengths that set us apart," he said.
"We don't treat cyber defence as pure military issue. We go way beyond the traditional defence and security concerns - our new university programmes for instance."
In early April it was announced that eight UK universities would work in partnership with GCHQ to improve computer security across the country by forming six Academic Centres for Excellence in Cyber Security based in Bristol, Belfast, Lancaster, Southampton, Oxford and London.
However, Willetts warned that the private sector would have to get involved in the fight against cyber crime, as well as the public sector, in order to maximise the British security industry's potential.
"We don't treat cyber security solely as a government issue - we believe the private sector has massive role to play alongside public sector," said Willetts.
"If we get this right the security sector is a fantastic area for growth in the British economy."
Willetts also concurred with comments made by the European Commission's digital agenda chief, Neelie Kroes, by claiming a military approach to security is ineffective against cyber criminals.
"We need to move past the narrow military issue," he added.
Willetts comments come as PriceWaterhouseCoopers revealed that many large organisations have seen cyber attacks on their systems double in the last two years.
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