As the UK Government has recognized, cyber incidents—such as Jaguar Land Rover, Marks and Spencer, Royal Mail and the British Library—are costing UK businesses billions annually and causing severe disruption.
The Government recognizes that cybersecurity is a critical enabler of economic growth (“we cannot have growth without stability”), and that the current laws have “fallen out of date and are insufficient to tackle the cyber threats faced by the UK.” Accordingly the UK Government this week published its long-awaited Cyber Security and Resilience Bill (the “Bill”), which will amend the existing Network and Information Systems Regulations 2018 (the “NIS Regulations”), and grant new powers to regulators and the Government in relation to cybersecurity.
Read more…
Source: Covington
Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox
Related:
- Donut extortion group also targets victims with ransomware
November 22, 2022
The Donut (D0nut) extortion group has been confirmed to deploy ransomware in double-extortion attacks on the enterprise. BleepingComputer first reported on the Donut extortion group in August, linking them to attacks on Greek natural gas company DESFA, UK architectural firm Sheppard Robson, and multinational construction company Sando. Strangely, the data for Sando and DESFA was also posted ...
- NHS tech chief dismisses concerns over loss of statutory power to protect patient data
November 16, 2022
An outgoing NHS tech chief has defended the decision to merge his organization with a UK government-run unit, arguably diluting the statuary protection of patient data. Simon Bolton, interim chief executive of the soon-to-be-defunct NHS Digital, said the merger of the organization with NHS England, a non-departmental government body, was necessary to “provide real clarity of ...
- British government is scanning all Internet devices hosted in UK
November 4, 2022
The United Kingdom’s National Cyber Security Centre (NCSC), the government agency that leads the country’s cyber security mission, is now scanning all Internet-exposed devices hosted in the UK for vulnerabilities. The goal is to assess UK’s vulnerability to cyber-attacks and to help the owners of Internet-connected systems understand their security posture. NCSC’s scans are performed using tools ...
- British spies playing key role in defending Kyiv from Russian cyber attacks
November 1, 2022
British cyber spies have been playing a key role in defending Ukraine from widespread Russian cyber attacks since the start of the invasion, it has been confirmed. The damage caused by Russian hackers would have been “very significant” without the British assistance, Leo Docherty, a junior foreign office minister, said. He told Sky News the UK has ...
- Russian spies ‘hacked Liz Truss’s phone and stole sensitive messages’
October 29, 2022
Liz Truss had her phone hacked by Kremlin spies while she was working as foreign secretary, according to a report. The former prime minister’s personal messages with former chancellor Kwasi Kwarteng were raided, as well as sensitive details of international negotiations, it is claimed. Security services discovered the major security breach during the summer Tory leadership election, ...
- Notorious ‘BestBuy’ hacker arraigned for running dark web market
October 27, 2022
A notorious British hacker was arraigned on Wednesday by the U.S. Department of Justice for allegedly running the now defunct ‘The Real Deal” dark web marketplace. The 34-year-old defendant Daniel Kaye (aka Bestbuy, Spdrman, Popopret, UserL0ser) allegedly ran the illicit services market between early 2015 and November 2016 when The Real Deal shut down. Threat actors used ...