The UK government has announced that businesses providing essential services like energy and transport could be fined as much as £17 million or 4% of global turnover for failing to have effective cyber security measures in place.
Critical infrastructure firms will also be required to show they have a strategy to cover power failures and environmental disasters.
Edgard Capdevielle, CEO at Nozomi Networks, commented:
“All networks and devices in organisations that provide water, energy, transport or other essential services need to be secured. This shouldn’t come out from fear of paying huge fines, but should be embedded in organisations’ culture as means of preventing and mitigating cyberattacks and operational incidents, which might put human safety at risk. It is crucial for organisations to ensure that multiple levels of protection are in place – from securing the network itself to monitoring it in real time for anomalies that could indicate a cyber threat is present. Fortunately, technological advances in ICS cybersecurity, such as the application of machine learning and artificial intelligence, are creating tools to aid critical infrastructure and utility operators.”
Read the article online at: https://www.worldpipelines.com/business-news/10082017/uk-energy-businesses-to-be-fined-heavily-for-cyber-security-failings/