Keir Starmer's Labour government plans to introduce a Cyber Security and Resilience Bill to fortify the UK's cyber defences, emphasizing compulsory ransomware reporting as a pivotal element of the legislation.
The Bill aims to update existing cyber laws inherited from the EU, recognizing the escalating cyber threats faced by organizations of all sizes and vital sectors like healthcare, defense, and government bodies.
Key objectives of the proposed legislation include broadening regulatory oversight for protecting digital services and supply chains and enhancing reporting standards to better understand and address cyber threats.
The government envisions granting more powers to regulatory bodies to investigate IT system vulnerabilities and potentially introduce cost recovery mechanisms, while emphasizing the importance of mandatory incident reporting for comprehensive threat awareness.
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