The new cybersecurity rules announced today by the UK government will impose UK mobile and broadband carriers to tighten their network security against cyber attacks. Failing to abide by the new rules will lead to facing fines of $117K/day or 10% of sales.
According to the Department for Digital, Culture, Media and Sport the new law is aimed at being “among the strongest in the world.”
The New Cybersecurity Rules will establish a set of new types of requirements, such as how to procure infrastructure and services; how to police activity and access; what investments are made into security and data protection; and more. The rules will come into effect in October 2020. Carriers are expected to fully implement the new procedures by March 2024.
UK Mobile and broadband carriers are in danger of incurring fines if they fail to modify their risk assessments as new regulations have recently been put in place. These new regulations stipulate that for non-compliance there will be a maximum penalty of up to 10% of the company’s annual revenues, and a £100,000 ($117,000) daily fine for continuing contraventions.
The Telecommunications Security Act has been in effect since November 2021, and the first national laws are being created.
They know that cyberattacks are a serious threat to our society, and they’re trying to fix it by ramping up protections on our networks and introducing one of the world’s toughest telecoms security regimes.
The UK Government has created the new cybersecurity rules to enforce phone and broadband carrier compliance.
While digital crime is on the rise, network infrastructure is the most significant battleground in the fight against cybercrime. Telecoms supply chain review found that providers of broadband and mobile services aren’t adopting best security practices to protect infrastructure.