TIDMCCS
Crossword Cybersecurity PLC
10 January 2019
Crossword Cybersecurity plc
EUR1bn in Cyber Security Research Funding Evaluated, Revealing
Academic Trends and Threats for 2019 and Beyond
Crossword Cybersecurity plc review of nearly 1,200 global
projects finds Cyber Physical Systems, Privacy, IoT and
Cryptography are the strongest cyber security areas to watch - But
Artificial Intelligence is an "apparent omission"
London, UK - January 10, 2019 - Crossword Cybersecurity plc
(AIM:CCS), the cyber security technology commercialisation company,
has today released insights from its global review of academic
cyber security research. The new database looked at nearly 1,200
current and past research projects from academic institutions in
the United Kingdom, United States, Europe, Australia, and Africa.
It reaffirmed the value of the cyber security research market, with
reported funding of EU projects at over EUR1 billion.
The database identified several global trends by comparing the
periods January 2008 to June 2013 with July 2013 to December
2018.
-- Cyber Physical Systems (CPS) - Over 100 projects were found
in this area alone, a significant figure. The United States appears
to be the most active in CPS research, with a focus on securing
critical infrastructure.
. Privacy - Projects related to privacy have increased by 183% in recent years.
-- Internet of Things (IoT) - Projects with an IoT element have
increased by 123% lately, with around 14% of current projects
having this characteristic.
-- Cryptography - With the promise of quantum computing on the
horizon, there has been an influx of new projects that apply the
technology to the future of cryptography, with a 227% increase in
this area of research (albeit this was from a low base).
Significant differences can also be seen between regions. For
instance, the EU appears distinctly focused on minimising Small
& Medium Enterprises' (SME) exposure to cyber security risk.
Conversely, when compared with other regions, the US has a greater
focus on the human component of cyber security. Other US top
project funding areas include Cyber Physical Systems (as applied to
smart cities and power grids), securing the cloud, cybercrime, and
the privacy of Big Data sets (as applied to the scientific research
community).
UK invests in securing the physical world
In the UK, the leading research verticals are critical
infrastructure and securing the health sector (with 11 current
projects each). Current funding across UK projects exceeds GBP70m,
with quantum and IoT-related projects both more than doubling over
five years. There are currently nine new UK projects with a focus
on Cyber Physical Systems.
The four UK projects with the greatest funding are in the fields
of Safe and Trustworthy Robotics, Big Data Security, Cybercrime in
the Cloud and Quantum Technology for Secure Communications.
The most notable UK decline was in big data projects, which have
dropped by 85%.
Cryptography remains strong
There are currently 52 global projects with a cryptographic
focus, and at least 39 current live EU projects featuring a
cryptographic element. In the UK, this area has been consistently
strong over the last ten years, with 18 projects starting between
2008 and mid 2013, and 19 projects from mid 2013 to now.
Tom Ilube, CEO at Crossword Cybersecurity plc said of the
analysis, "The need to protect critical infrastructure has never
been stronger as technology becomes more deeply embedded in every
aspect of our daily lives. However, one apparent omission is
research solely focused on the application of AI techniques to
complex cyber security problems. We hope to see more of that in the
future, as the industry works to stay ahead of the constantly
evolving cyber security landscape."
The Crossword Cybersecurity database will be periodically
updated, to deliver ongoing insight into the most prevalent cyber
security research trends and investment areas. If you are
interested in further details, please contact the Scientific
Advisory Team at Crossword Cybersecurity on
innovation@crosswordcybersecurity.com.
Crossword Cybersecurity plc Tel: +44 (0) 20 8973 2350
Email: info@crosswordcybersecurity.com
Tom Ilube, Chief Executive Officer
Mary Dowd, Finance Director
Grant Thornton (Nominated Adviser) Tel: +44 (0) 20 7383 5100
Colin Aaronson / Jamie Barklem / Niall McDonald
Hybridan LLP (Broker) Tel: +44 (0)203 764 2341
Claire Louise Noyce
Media contact:
Ginger PR Ltd
Lorena Duke Lorena@gingerpr.co.uk
01932 485 300
About Crossword Cybersecurity
Crossword Cybersecurity plc (AIM:CCS) is a technology
commercialisation company focusing exclusively on the cyber
security sector. We work with research intensive European
university partners to identify promising cyber security
intellectual property (IP) from research that our industry partners
tell us meet emerging real-world challenges.
Our specialist cyber security software engineering team work
with our university partners to develop research concepts into
fully-fledged commercial products, that we then take to market. Our
consulting team work with clients to address their cyber security
challenges- by providing strategy, assessment and risk management
services.
Notes to editors
Research methodology
Crossword identified nearly 1,200 projects, primarily by
obtaining data from national funding bodies including the UK
Engineering and Physical Sciences Research Council, American
National Science Foundation, Australian Research Council and the
European Commission. As well as this, open-source searching of
available publications was conducted, as well as talking with
Crossword's existing academic contacts.
This research extends that of the original Crossword
Cybersecurity CLUE database which featured 412 projects from major
UK and European universities. This is not a comprehensive list of
all projects across the globe, but a snapshot based on readily
accessible information. Crossword Cybersecurity continually works
to aggregate details of cyber security projects, and will release
updated findings in the future.
ENDS
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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