Summary
The UK government has set forth a new policy statement regarding the impending Cyber Security and Resilience Bill, which aims to enhance cybersecurity regulations across various sectors. Key measures include expanding the regulatory framework, enhancing oversight capabilities for regulators, and empowering the secretary of state with new directional powers. The recent Cyber Security Breaches Survey reveals that, while the overall attack prevalence has slightly diminished, ransomware incidents have surged, reflecting heightened risks in the digital landscape.
Key Points
- The impending Cyber Security and Resilience Bill aims to bring more entities within the regulatory framework.
- New duties will be placed on managed service providers and critical suppliers to bolster cybersecurity measures.
- The secretary of state will have powers to tailor regulations to specific sectors and update existing requirements.
- The latest Cyber Security Breaches Survey indicates a slight decrease in overall breaches but an increase in ransomware cases.
- Board-level accountability for cybersecurity is decreasing among businesses, raising concerns over governance.
Why should I read this?
If you’re in any industry that involves digital operations, this article’s a must-read! The forthcoming Cyber Security and Resilience Bill is set to shake things up, expanding the rules around cybersecurity and placing greater responsibility on service providers. With cyber threats evolving rapidly, staying informed on these developments is key to safeguarding your business and ensuring compliance.