€1bn 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 €1 billion.

The database identified several global trends by comparing the periods January 2008 to June 2013 with July 2013 to December 2018.

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 £70m, 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 / Samuel Rowe

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 –