A report by the Culture, Media and Sport Committee has recommended fines for companies who fail to guard against cyber attacks, with further recommendations including how the salary of CEOs should be linked to effective cyber security.
The report, which was the result of an inquiry triggered by the high-profile Talk Talk data breach, also pressed the need for companies to have robust strategies and processes in place, stating that it is ‘not enough for companies to say they weren’t aware’ following disclosure of a data breach.
It was also recommended that victims of a data breach should be able to easily access compensation, while the Information Commissioner’s Office (ICO) should also have a system in place to be able to escalate fines at its disposal to sanction those who fail to report, prepare for or learn from data breaches. For the full article click here
from cyber security caucus http://ift.tt/28IPKEE
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