Firms face £17m fine if they fail to protect against hackers

Aug 8, 2017 · bbc.com

 95699409 gettyimages 533047752

Firms could face fines of up to £17m or 4% of global turnover if they fail to protect themselves from cyber-attacks, the government has warned.

The crackdown is aimed at making sure essential services such as water, energy, transport and health firms are safeguarded against hacking attempts.

Firms will also be required to show they have a strategy to cover power failures and environmental disasters. Digital Minister Matt Hancock said any fines would be a last resort.

They would not apply to firms which had put safeguards in place but still suffered an attack, the Department for Digital, Culture, Media and Sport (DCMS) said.

Read Complete Article

RT @benchisell: Excited for our mission to @money2020 - come drop by stand 1261 to talk about London/Starling. @L_Pbusiness @GotoGrow_Londo…

RT @TfL: The £10-a-day T-Charge, affecting older, more polluting vehicles, starts 23 October. Have you checked your vehicle? https://t.co/s…

RT @L_Pbusiness: London’s fintech sector has received more investment than any other major European city #Money2020 #LondonIsOpen https://t…

This London startup has shut down permanently https://t.co/BIwMzI9Ttz

[email protected] wants to wean you off your smartphone...with an app https://t.co/1v8wh2zgfC #Productivity… https://t.co/e69uk1hXGy

Tech.London Weekly

×