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Cybersecurity becomes the fastest growing start-up sector

Funding has increased by a staggering 940% for UK cybersecurity start-ups since the beginning of lockdown – with £496 million being raised in the first half of 2020, almost outstripping the 2019 total of £521 million.

Investors have been quick to put their money towards start-ups specialising in cyber risk management, as the pandemic forced CEOs to look beyond just financial or regulatory risk. The findings come from a new report by global recruiter Robert Walters and data provider VacancySoft – Cybersecurity: Building Business Resilience – which claims that business spending on cybersecurity will double to £136 billion this year.

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