Hello from London.
Thank you Mrs Yong Ying-I for the advent and defiant question. I need to thank Minister Iswaran, David Koh and the entire Singapore team for bringing us together at such a difficult time. This is my first experience with Singapore Cyber Week so it’s a real thrill to be here, although when I say here, I mean virtually, I think it will be a check on our Internet connectivity.
In response to its consultation on economic potential, the UK is enriching with and taking full advantage of virtual generation; for example, in 2018, the virtual sector contributed 149 billion pounds to the UK economy. an opportunity to seize, not to fear.
That said, cyberspace is a position where threats are hidden and repositioning occurs at top speed. In 2019, the UK’s National Cyber Security Centre dealt with 658 incidents, a build-up of more than a hundred since last year.
COVID-19 has intensified trends in virtual adoption. Just as you noticed that more people work, socialize and shop online, they also noticed a buildup of cyberattacks, incorrect information and online damage. These threats put us all at risk.
We will have to use our voices and collective movements to reaffirm that foreign law applies in cyberspace, just as it does in our lives in general. This is not the Wild West. Existing United Nations processes have built a platform for a non-unusual. understanding and behavioral criteria. Now we will have to turn these criteria into practical spaces for cooperation.
We want to do more to deter destructive behavior. Unfortunately, malicious actors took credit for COVID-19. We have noticed attacks on pharmaceutical corporations in order to borrow valuable vaccine research. Just as NATO has put a strong element of deterrence against land, sea and air aggression into position, we will have to do the same in cyberspace.
We want to shape the criteria of the new generation to ensure individual security, security and privacy. The fast-growing Internet of Things is a smart example of countries where the UK and Singapore have led projects to publicize design security. We want to publicize virtual inclusion and guilty virtual transformation in emerging markets, so that more people can access the social and economic benefits of virtual technologies in a sustainable and secure way.
And we want to make sure that knowledge is safe and borderless is the cornerstone of industry in a fashionable economy.
The UK firmly believes that we want to work with others to gain a percentage of experience and build capacity, either to build on this technological revolution or to develop our unusual resistance to threats.
I am pleased to announce that we have extended a Memorandum of Understanding with Singapore to assist Commonwealth countries in their cyber-incident reaction capabilities.
Together, we are doubling our total investment from the Commonwealth Heads of Government assembly in London to 1 million pounds. Nearly part of Commonwealth countries are creating national cybersecurity incident reaction teams. This is one of the key commitments of the Commonwealth electronic declaration. , approved through my ministerial colleague Lord Ahmad in 2018.
All I said today is about the association. We need to continue painting with all of you to take advantage of the benefits of our interconnected world.
Demanding situations will exist. Today, they come with COVID-19, geopolitical tensions, new technologies and climate change; all require not only national responses but also global responses, and the same goes for cyberspace.
As we paint together, cyberspace can make us all more prosperous, safer and more interconnected.
Thanks.