Dhaka, Jan. 30 -- The threat posed to the UK government by cyber crime is "severe and advancing quickly", with a shortage of cyber skills and aging IT systems among issues of concern, a watchdog warned Wednesday.

"To avoid serious incidents, build resilience and protect the value for money of its operations, government must catch up with the acute cyber threat it faces," said Gareth Davies, head of the National Audit Office which produced the report.

"The government will continue to find it difficult to do so until it successfully addresses the long-standing shortage of cyber skills, strengthens accountability for cyber risk and better manages the risks posed by legacy IT," he added.

The watchdog found more than 50 percent of positions i...