The legislation bans devices from accepting default or easily-guessed, insecure passwords, forces manufacturers to publish contact details for issue reporting, and mandates transparency on security updates.
The PSTI Act applies to all organizations importing or retailing products in the UK, with fines of up to £10m or 4% of global revenue for non-compliance.
Westminster sees the PSTI Act as a crucial step in enhancing society's cybercrime resilience, empowering consumers in buying and using smart products to stimulate economic growth.
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