Falanx Group Ltd (LON:FLX) a provider of intelligence, security and cyber defense services based in the UK caught up with DirectorsTalk to comment on a recent article by SC Magazine. The article highlights the fact that despite the turbulence fueled by doubt and uncertainty the UK is the second largest EU economy and fifth largest global economy and so continental Europe will have no choice but to maintain close cooperation with it. It goes on to say that data protection legislation and privacy laws will most probably be GDRP compatible should the UK develop its own data and privacy law. On the question of recruiting expert skills from abroad would a Brexit make it more difficult to recruit, the article suggests not for two reasons. Firstly there are always ways to bring in people with extraordinary skills and secondly many EU and US companies have already moved their R&D staff to places like Poland or the Czech Republic to cut down costs and stay competitive in a global security market.
‘SC Magazine raises a number of very strong and sensible points on why the UK Cyber Security industry will remain strong and continue to grow post-Brexit. Cyber security businesses which provide managed services in-line with the impending legislation, which will not change after Brexit, based around world-leading accreditation’s such as UK’s CREST will fair extremely well. Indeed, a very commonly recognised trend is the increase of opportunistic crime during an economic downturn which will draw the UK’s highly regarded Cyber Security commercial services into Europe, especially with a potentially weaker pound speeding export power.’ – John Blamire, CEO Falanx Group Ltd.