You are here: Home » News-IANS » Politics
Business Standard

Britain mulls fines for failure to guard against cyber attacks

IANS  |  London 

Organisations failing to implement effective cyber security measures could be fined as much as $22.2 million under proposals unveiled on Tuesday by Britain's Department for Digital, Culture, Media and Sport (DCMS).

DCMS considers the fines could also amount to four per cent of an organisation's global turnover, as part of a drive to make Britain's essential networks and infrastructure safe, secure and resilient against the risk of future cyber attacks, Xinhua news agency reported.

A spokesman said: "Fines would be a last resort, and they will not apply to operators that have assessed the risks adequately and taken appropriate security measures."

Matt Hancock, a senior British government official in charge of digital and culture, said: "We want our essential services and infrastructure to be prepared for the increasing risk of cyber attack and be more resilient against other threats such as power failures and environmental hazards."

The British government's Network and Information Systems (NIS) Directive to be launched in May 2018, once implemented, will form an important part of the government's five-year $2.5 billion national cyber security strategy.

The strategy is managed and coordinated by the Cabinet Office at 10 Downing Street in London through the national cyber security programme.

--IANS

soni/vm

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, August 08 2017. 19:34 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU