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Fine
London, Aug. 8, 2017 (Xinhua/NAN) Organisations failing to implement effective cyber security measures could be fined to the tune of 22.2 million dollars under proposals unveiled on Tuesday by Britain’s Department for Digital, Culture, Media and Sport (DCMS).
DCMS considers the fines could also amount to four per cent of an organisation’s global turnover.
It said that was part of a drive to make Britain’s essential networks and infrastructure safe, secure and resilient against the risk of future cyber attacks.
A spokesman said: “Fines will be a last resort, and they will not apply to operators that have assessed the risks adequately and taken appropriate security measures.”
Matt Hancock, a senior British government official in charge of digital and culture said: “We want our essential services and infrastructure to be prepared for the increasing risk of cyber attack.
“We also want to be more resilient against other threats such as power failures and environmental hazards.”
The British government’s Network and Information Systems (NIS) Directive to be launched in May 2018, once implemented, will form an important part of the government’s five-year 2.5 billion dollars national cyber security strategy.
The strategy is managed and coordinated by the Cabinet Office at 10 Downing Street in London through the national cyber security programme. (Xinhua/NAN)
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Edited by Celine-Damilola Oyewole/Grace Yussuf