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

Aug 8, 2017 · bbc.com

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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.

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