Britain Mulls Penalties For Failure to Guard Against Cyberattacks
Department for Digital, Culture, Media and Sport considers the fines could 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.
India, A Top Target For Web Application Attacks: Report (photo for representation, image: News18)
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 increased 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.
Watch Video: Xiaomi Mi Max 2 Review | Is Big Always Better
Recommended For You
- PV Sindhu Makes India Proud Again: PM Modi Praises the World Champion
- Erica Fernandes, Parth Samthaan Vacationing in Maldives
- India vs West Indies 2019: Kohli Needs to be Consistent in Selection: Ganguly
- First Details of The OnePlus TV Confirmed: It Will Have a 55-Inch QLED Panel
- Android 10 Confirmed to Arrive on All Nokia Smartphones
- 01 d
- 12 h
- 38 m
- 09 s