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Cyber crime costs the UK economy £27bn per year

The overall cost of cyber crime to the UK economy is £27bn per year, a report revealed yesterday. The Office of Cyber Security & Information Assurance revealed that the real impact of cyber crime could actually be in excess of this. The hardest hit sectors are pharmaceuticals and biotech, electronics, IT and… More →

Record start to the year for software business

A South Shields-based software firm has achieved record sales amounting to almost £300,000 in just one month. Despite the current economic climate, January has proved a fruitful month for DEF Software. The company has won a host of contracts to newly acquired public sector clients across the UK. The software contracts include DEF software systems for local authority… More →

Science holds the key for region - says North East MP

The region’s shadow Minster for Business believes that science and technology could hold the key to the North East’s economic development. MP Chi Onwurah thinks that the region’s growing science sector could spearhead the resurgence of the region’s economy, generating jobs for the future. She hopes that the North East can learn from countries… More →

From Washington to Washington

Eight software firms from across the region are heading to the states this week in a bid to open up new opportunities with leading players in the global software industry. Representatives of local companies SaleCycle, Artigence, Teflabs, Guroo, LamasaTech, Viper, The Test Factory and Pagination are taking part in the 17,000… More →

Application submitted for multi-million pound science hub

Plans to create a 24-acre sustainable urban quarter in Newcastle city centre moved a step closer yesterday as an outline-planning application was submitted. The new ‘Science Central’ development, which would be located at the former Scottish and Newcastle brewery would encompass business, research, residential, retail and leisure accommodation. It is estimated that… More →

£50k ‘Big Business, Big Society’ scheme launched

One of the North East’s screen agencies has teamed up with a former digital media chief to launch a new £50k initiative designed to develop the best society-improving North East digital business ideas. Ex-Endemol digital media Chief Peter Cowley has teamed with Northern Film & Media (NFM) to offer business or individuals… More →

App proves no risk for security team

A South Tyneside software company has recently completed a ‘James Bond style’ top security iPhone application after being selected by a Russian firm that provides global security for high profile VIP’s. Boldon-based technology experts DEF Apps designed and developed the app for WF Special Projects, which protects VIPs, diplomats, sports stars… More →

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Small firms helped to bid for procurement ‘billions’

David Cameron has announced a series of measures to help small and medium-sized firms compete for billions of pounds worth of central government contracts.

He said the aim was to give businesses greater access to the bidding process by eliminating “excessive bureaucracy and petty regulation”.

Firms should no longer have to input their information each time they apply for a new contract, for example.

The CBI, however, said the government could have gone much further. But what do you think? 

Cast your vote on this week’s bdaily poll. 

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