The Financial Times reports the U.K. government will introduce a bill giving regulators more power to penalize companies that do not comply with cybersecurity laws. The bill will propose increased fines and sharpen existing rules under the NIS 2018 regulations, while updating which entities are covered under current cyber regulations. The bill comes as several businesses have sustained high-profile cyber breaches and the National Cyber Security Centre warns businesses that do not have adequate protections in place are “jeopardising their business’s future.”
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