‘This is a crisis’: Government to spend £3.4bn to help companies deal with IT crises
It’s a crisis in every sector of the British economy.
Businesses have lost millions of pounds on software issues that are the latest blow to their reputation, leaving them in debt, struggling to keep their businesses running, and saddled with a growing backlog of legal claims.
In the biggest software crisis since the dotcom crash, the government is set to spend an extra £3bn to hire an extra 600,000 people to help businesses cope with the fallout from the IT crisis.
This is the first stage of a planned phase-out of IT roles.
The government says it will invest up to £2bn over four years to hire 1,000 more IT support workers.
“This is about the business people,” said Business Secretary Vince Cable.
“You need people to stay on their feet. “
You need people who can make the right decisions and help to manage the business. “
You need people to stay on their feet.
The government’s move comes as companies are reeling from IT security breaches at the Royal Mail, Virgin Media, Channel 4 and others. “
What is happening in the IT industry is going to affect our ability to operate as a country.”
The government’s move comes as companies are reeling from IT security breaches at the Royal Mail, Virgin Media, Channel 4 and others.
Companies are grappling with a new era of cyber attacks, as well as with cyber attacks on other sectors, such as IT and banking.
A leaked internal Royal Mail memo suggested that a group of security experts had leaked a “highly sensitive” security assessment of the company’s security.
The document was circulated among company executives.
The memo was leaked to the media and included a list of “significant vulnerabilities” and “information that the security team has been unable to access” on the firm’s systems.
The list included the names of staff and contractors who were in contact with IT security experts.
The leaked document also suggested that security experts could be “targeted” for malicious attacks, according to the memo.
The leak sparked widespread condemnation from IT professionals and civil servants.
Chief executive of the Royal Bank of Scotland, Bob Diamond, warned that the leak was “not acceptable” and that it could jeopardise the “ability to secure and operate” the bank.
The RBS leak came after a string of other major IT security incidents including the theft of personal data from the Office of National Statistics and a major hack at the Office for National Statistics.
But in a bid to stave off the inevitable, the Treasury has announced it is to invest £2.4 billion to hire 500 additional IT security staff in the coming year.
IT workers have had to scramble to find jobs, with a number of IT firms laying off staff and shutting down their websites as they scramble to patch vulnerabilities.
Many have had little choice but to find work elsewhere in the private sector, such an IT services sector, as the crisis deepens.
In a move that may come as a relief to some, the Government has announced that the IT sector will be funded to provide “staffing and training” to IT workers and their dependants.
“Some of the people who will have been in the system for a long time and have worked with IT for a very long time, they will not have that kind of support to continue.” “
Business leaders have warned that it will be difficult for the Government to provide enough staff to cope with an IT crisis, and have said that they will be forced to cut back on the number of people they hire. “
Some of the people who will have been in the system for a long time and have worked with IT for a very long time, they will not have that kind of support to continue.”
Business leaders have warned that it will be difficult for the Government to provide enough staff to cope with an IT crisis, and have said that they will be forced to cut back on the number of people they hire.
“We need to be prepared for the impact of this,” said RBS boss Richard Truscott.
“There are a number more people than we know how to employ in IT.”
The IT sector is also facing increasing pressure from rivals such as Amazon and Apple.
The Government has said it will review its IT funding plan in the future, as it considers how to cope in a new IT world.
It will also have to consider how it can help the sector in other sectors.
However, Mr McAllisters warning comes as many of the country’s biggest companies are facing new issues with the IT security breach at Royal Mail.
It is the latest in a series of IT security vulnerabilities that have left IT services companies in a crisis, as companies have lost thousands of pounds.
As the UK struggles to keep up with the onslaught of cyber-attacks, IT workers are facing increasing challenges.
The Office of Communications and Consumer Affairs, which represents IT professionals, has warned that up to 40,000 IT jobs could be lost within the next three years.
It says that the Government must “prioritise” hiring more staff to deal with the threat.
“The Government has a responsibility to ensure that there is enough staff on its payroll