Summary
The UK government has published the Cyber Security and Resilience Bill policy statement, outlining new measures aimed at enhancing the nation’s cyber security landscape. These proposed regulations target managed service providers and critical suppliers to bolster cybersecurity frameworks. The statement suggests empowering regulators with advanced oversight capabilities and new reporting obligations, alongside a focus on sectors deemed critical to national infrastructure.
Additionally, a recent Cyber Security Breaches Survey reveals continuing trends in cyber threats, with a marked increase in ransomware incidents among businesses, though the overall rate of breaches remains stable.
Key Points
- The Cyber Security and Resilience Bill aims to expand regulatory responsibilities to more stakeholders, including managed service providers.
- New powers for regulators will enhance oversight and ensure critical suppliers address supply chain vulnerabilities.
- Incident reporting criteria will be broadening to capture more potential threats to cyber security.
- The latest Cyber Security Breaches Survey indicates an increase in businesses experiencing ransomware attacks.
- There is a concerning trend of declining board-level responsibility for cyber security in businesses since 2021.
Why should I read this?
If you’re in the business of technology, cyber security, or governance, this article is a must-read. It gives you the lowdown on upcoming regulatory changes that could impact your operations significantly. Staying ahead of these trends will not only help you navigate compliance but also bolster your defences against the ever-evolving threat landscape. We’ve sifted through the details so you don’t have to!