The UK and Israeli governments have signed a letter of intent to launch a new cyber security research project designed to fund the creation of next-generation anti-hacker technologies.
The agreement will see the two governments allocate £1.2m of joint funding through the Engineering and Physical Sciences Research Council (EPSRC) to projects researching six key cyber security areas.
These areas are: identity management; governance; privacy assurance and perceptions; mobile and cloud security; human aspects of security; and cryptography. The EPSRC will be taking proposals for funding until 24 June.
Bolstering the UK's cyber security research and defence levels has been an ongoing goal of the government's Cyber Security Strategy. The strategy was launched in 2011 when the UK government pledged to invest £650m to increase the nation's cyber defences.
Since its launch, the strategy has seen the creation of several higher education research initiatives.
The UK government pledged to invest £7.5m to create two new higher education centres at Oxford University and Royal Holloway, University of London, to provide multi-disciplinary PhD training in cyber security in May 2013.
The government invested £3.8m to create the Research Institute in the Science of Cyber Security (RISCC) back in September 2012. The RISCC is designed to work alongside GCHQ to encourage closer co-operation between business and academia in the fight against online threats.
Research by the UK Department for Business, Innovation and Skills (BIS) suggests UK industry is still woefully susceptible to cyber attacks despite the government's efforts. BIS reported cyber attacks are costing businesses as much as £1.15m per breach in a joint research paper with PwC in April.
Latest Tesla news: Tesla stock price tanks amid reports of 'widening probe' by SEC and claims the base Model 3 loses money
SEC 'probe' takes its toll on Tesla as new research suggests that Tesla loses $6,000 on every $35,000 Model 3
10nm Cannon Lake Core i3-8121U CPUs make a rare outing with Intel's NUC mini PC
'Notorious' Australian child hacker thought he had executed 'flawless' hack
The former employee says that Tesla fired him for bringing the accusations to management internally