The Cyber Security and Resilience Bill is a new law in the UK that aims to strengthen the country’s cybersecurity and digital defences. The bill was announced in the King’s Speech on July 17, 2024.
The goal is to ensure that more digital services and supply chains are protected.
The existing UK regulations reflect law inherited from the EU and are the UK’s only cross-sector cyber security legislation.
The new NIS 2 Directive and other EU regulations are now superseding these and thus the UK needs to urgently update its cybersecurity legislation to avoid being left behind. The aim is to ensure that our infrastructure and economy is not comparably more vulnerable than those of the EU member states.
The Bill will apply to organisations throughout the UK.
It recognises that the UK is facing more sophisticated cyberattacks at increasing frequency. The government notes that essential services and critical infrastructure (areas the NIS 2 Directive also covers) are particularly vulnerable to cyber criminals as evidenced by a vast number of cyberattacks over recent months affecting the NHS, the Ministry of Defence, the British Library, the education sector, and other bodies. These attacks have had severe impacts and pose a significant risk to the economy.
It recognises that the UK is facing more sophisticated cyberattacks at increasing frequency. The government notes that essential services and critical infrastructure (areas the NIS 2 Directive also covers) are particularly vulnerable to cyber criminals as evidenced by a vast number of cyberattacks over recent months affecting the NHS, the Ministry of Defence, the British Library, the education sector, and other bodies. These attacks have had severe impacts and pose a significant risk to the economy.
The government has announced that the Bill will make crucial updates to the legacy regulatory framework by:
(The King’s Speech 2024, FINAL – 17/07/24 King’s Speech 2024 background briefing final GOV.uk.docx (publishing.service.gov.uk)).
The bill plays an integral part in ensuring digital security of critical sectors.
It is believed that the current statistics on ransomware attacks do not reflect reality and with this in mind the government is set out to mandate ransomware reporting. If this initiative is successful, mandatory incident reporting will assist the government to collect more accurate data on cyberattacks and improve the understanding of the cyber threats in the UK.
The King’s Speech also addressed the government’s intentions towards establishing legislation to regulate the development of artificial intelligence. Although no specific legislation was referenced in the King’s Speech, this position is noticeably different from the previous government’s approach.
Yes, the Bill is expected to have an impact on UK businesses such as
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Agnes Molnar
Agnes is Syn-Star’s expert content writer, she has Master’s degree in English Literature that provides a strong foundation in writing and critical thinking of everything she does.
Qualifications: Masters in English Literature
In-house training: HubSpot SEO, WordPress Training.
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Agnes Molnar
Agnes is Syn-Star’s expert content writer, she has Master’s degree in English Literature that provides a strong foundation in writing and critical thinking of everything she does.
Qualifications: Masters in English Literature
In-house training: HubSpot SEO, WordPress Training.
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