UK threatens £100K-a-day fines under new cyber bill


The UK’s technology secretary revealed the full breadth of the government’s Cyber Security and Resilience (CSR) Bill for the first time this morning, pledging £100,000 ($129,000) daily fines for failing to act against specific threats under consideration.

Slated to enter Parliament later this year, the CSR bill was teased in the King’s Speech in July, shortly after the Labour administration came into power. The gist of it was communicated at the time – to strengthen the NIS 2018 regulations and future-proof the country’s most critical services from cyber threats – and Peter Kyle finally detailed the plans for the bill at length today.

Read more…
Source:MSN News


Sign up for our Newsletter
The latest news and insights delivered right to your inbox.


Related:

  • UK’s Sellafield nuclear waste processing plant fined £333K for infosec blunders

    October 4, 2024

    The outfit that runs Britain’s Sellafield nuclear waste processing and decommissioning site has been fined £332,500 ($440,000) by the nation’s Office for Nuclear Regulation (ONR) for its shoddy cybersecurity practices between 2019 and 2023. Sellafield, located in Cumbria, England, manages more radioactive waste than any other nuclear site in the world, and decommissioning work happening at ...

  • Northern Ireland police fined $1.29m over ‘serious’ data breach

    October 3, 2024

    Northern Ireland’s police authority was on Oct 3 fined £750,000 (S$1.29 million) over a data breach that saw the personal details of police and intelligence officers posted on a website. The identities of all 9,483 staff members of the Police Service of Northern Ireland (PSNI) were mistakenly published online on Aug 8, 2023, after a freedom ...

  • Cyber Security Bill will prevent future attacks on NHS

    October 2, 2024

    New legislation to improve UK cyber defences and protect public services will prevent attacks similar to the ransomware attack impacting London hospitals, according to the Department of Science, Innovation and Technology (DSIT). The Cyber Security and Resilience Bill, which is due to be introduced to Parliament in 2025, was first announced in the King’s Speech on ...

  • UK unmasks LockBit ransomware affiliate as high-ranking hacker in Russia state-backed cybercrime gang

    October 1, 2024

    The U.K.’s National Crime Agency has linked a long-standing affiliate of the LockBit ransomware group to the notorious Russia-backed Evil Corp, a cybercrime gang with links to the Russian government. The NCA said on Tuesday that it had unmasked the LockBit affiliate, known as “Beverley,” as Russian national Aleksandr Ryzhenkov, who British authorities believe to be ...

  • UK data watchdog investigating MoneyGram data breach

    September 27, 2024

    The U.K.’s data protection regulator has confirmed it’s investigating MoneyGram after receiving a data breach report from the U.S.-based money transfer giant. The U.K.’s Information Commissioner’s Office, which requires that organizations report data breaches within 72 hours of discovering the incident, confirmed to TechCrunch on Friday that the watchdog had received a report from MoneyGram following ...

  • Northern Ireland: Hoax bomb accused takes legal action in bid to stop police accessing mobile phone material

    September 26, 2024

    A Co Tyrone man accused of buying parts for a hoax bomb left outside a police station is taking High Court action in a bid to stop detectives extracting messages and photos from his mobile phone. Sean Pearson claims the plans to obtain any information stored on devices seized during a raid on his home breaches ...