UK organisations could face huge fines for cyber security failures

Posted in: Legal & Security at 09/08/2017 20:39

British organisations could face fines of up to £17m, or 4% of global turnover, if they fail to take measures to prevent cyber-attacks that could result in major disruption to services such as transport, health or electricity networks.

But the proposals, which are being considered as part of a government consultation launched on Tuesday, say that financial penalties will be used as a “last resort” and not applied if organisations facing an attack can prove they assessed the risks adequately.
https://www.theguardian.com/technology/2017/aug/08/organisations-could-face-huge-fines-for-cyber-security-failures

Also see:

UK firms could be fined up to £17 million for poor cyber security, here's how to avoid them
The Department for Culture Media and Sports (DCMS) has launched a consultation that will propose fines as high as £17 million for essential service providers that fail to adequately protect themselves against cyber attacks.
http://www.computerworlduk.com/security/uk-threatens-fines-for-cloud-providers-that-are-short-on-security-3662316/

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