Intellectual Assets: Crime

Viscount Goschen Excerpts

Tuesday 2nd November 2010 Lords Chamber

Asked By

[Viscount Goschen]

To ask Her Majesty’s Government what assessment they have made of the threat posed to United Kingdom corporate interests by illicit attempts to acquire proprietary technology and other intellectual capital.

[The Minister of State, Home Office (Baroness Neville-Jones)]

My Lords, this Government recognise the risk to the prosperity of the United Kingdom from the loss of intellectual assets, and work is afoot to obtain accurate information as to the size and nature of that loss. The Government provide advice to private sector companies on defending their systems against cyberthreats. The transformative cybersecurity strategy, which the Government are now developing, will strengthen our collective ability to tackle cyberespionage and cyberattacks that target UK intellectual capital.

[Viscount Goschen]

My Lords, I thank my noble friend for that reassuring and informative Answer. Does she accept that the protection of proprietary, valuable technology is absolutely critical to companies’ ability, and indeed willingness, to invest in long-term research and development, and indeed to our ability as a country to attract inward investment?

[Baroness Neville-Jones]

My Lords, I think that the whole House will endorse the view that an economy such as ours depends crucially for its advance and future prosperity on its capacity to innovate and the intellectual capital on which that depends. Therefore, a central part of the Government’s strategy is very much concern not just with national security but with developing, with the private sector, a secure cyberplatform on which investment in this country from both domestic companies and companies abroad can be based.