UK regulators set to gain greater powers over cyber security failures
New legislation would give watchdogs the power to fine certain companies up to £17mn or 4% of annual turnover
New legislation would give watchdogs the power to fine certain companies up to £17mn or 4% of annual turnover

Companies and security groups warn government’s proposed measure is unlikely to stop hacking attacks

Minister says companies will be supervised by financial regulators from next year after MPs complain of sluggish action

Companies paid out £197mn, according to the Association of British Insurers, prior to a string of high-profile attacks

Fast-growing market comes under greater scrutiny for potential risks after series of setbacks

High-profile hacks raise fears about the potential economic damage caused by disruption to supply chains and services

Ofcom chief Melanie Dawes reveals she held meetings with US AI firms over Online Safety Act