Home / News I have a News Tip

British Organizations Could Face Massive Fines for Cybersecurity Failures

Organizations who fail to implement effective cybersecurity measures could be fined as much as £17 million or 4% of global turnover, as part of Britain's plan to prevent cyberattacks that could result in major disruption to services such as transport, health or electricity networks. The Guardian reports: "The move comes after the [National Health Service] NHS became the highest-profile victim of a global ransomware attack, which resulted in operations being cancelled, ambulances being diverted and patient records being made unavailable. ... The issue came to the fore again after a major IT failure at British Airways left 75,000 passengers stranded and cost the airline £80m… The consultation will also focus on system failures, with requirements for companies to show what action they are taking to reduce the risks."

Related topics: Cyberattack, Cybersecurity, Policy & Regulation

 
   

Don't miss a thing – get the Weekly Wrap delivered to your inbox.

Comments

To post comments, please login or create an account.

Related Blogs

Related News

Explore Topics

Dig Deeper

Cybersecurity

Sponsored by Verisign

DNS Security

Sponsored by Afilias

IP Addressing

Sponsored by Avenue4 LLC

Mobile Internet

Sponsored by Afilias Mobile & Web Services

Promoted Posts

Buying or Selling IPv4 Addresses?

Discover ACCELR/8, a transformative IPv4 market solution developed by industry veterans Marc Lindsey and Janine Goodman that enables organizations buying or selling blocks as small as /20s. more»

Industry Updates – Sponsored Posts

Join Neustar's Town Hall Meeting and Help Shape the Future Of .US

Verisign Named to the Online Trust Alliance's 2017 Audit and Honor Roll

Attacks Decrease by 23 Precent in 1st Quarter While Peak Attack Sizes Increase: DDoS Trends Report

Leading Internet Associations Strengthen Cooperation

i2Coalition to Present Tucows CEO Elliot Noss With Internet Community Leadership Award

Verisign Releases Q4 2016 DDoS Trends Report: 167% Increase in Average Peak Attack from 2015 to 2016

Michele Neylon Appointed Chair Elect of i2Coalition

Verisign Q3 2016 DDoS Trends Report: User Datagram Protocol (UDP) Flood Attacks Continue to Dominate

2016 U.S. Election: An Internet Forecast

Government Guidance for Email Authentication Has Arrived in USA and UK

ValiMail Raises $12M for Its Email Authentication Service

MarkMonitor Supports Brand Holders' Efforts Regarding .Feedback Registry

Don't Gamble With Your DNS

Defending Against Layer 7 DDoS Attacks

Understanding the Risks of the Dark Web

New TLD? Make Sure It's Secure

Verisign Releases Q2 2016 DDoS Trends Report - Layer 7 DDoS Attacks a Growing Trend

How Savvy DDoS Attackers Are Using DNSSEC Against Us

Facilitating a Trusted Web Space for Financial Service Professionals

MarkMonitor Partners with CYREN to Deepen Visibility into Global Phishing Attacks