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PRIVACY
Tech

Government tables cyber security bill as º£½ÇÊÓÆµ faces £15bn annual costs from online crime

Recent high-profile attacks include those against after JLR and M&S

The º£½ÇÊÓÆµ has seen several recent high-profile cyberattacks(Image: PA)

The government has tabled its much-anticipated cyber security and resilience bill in parliament, vowing to bolster the º£½ÇÊÓÆµ's defences against an escalating wave of cyberattacks on businesses and public services.

The new legislation is being hailed by ministers as a 'step change' in national security, with the objective of safeguarding critical services such as energy, water and healthcare from disruption.

This comes in the wake of a series of high-profile incidents in recent months, including the attack on NHS contractor Synnovis which resulted in over 11,000 cancelled medical appointments and incurred losses exceeding £30m.

The º£½ÇÊÓÆµ's National Cyber Security Centre (NCSC) has documented more than 200 'nationally significant' attacks over the past year, whilst firms including Jaguar Land Rover and Marks & Spencer have experienced severe operational disruption.

Liz Kendall, secretary of state for Science, Innovation and Technology, stated that the bill would lead to "fewer cancelled NHS appointments, less disruption to local services and businesses, and a faster national response when threats emerge."

The proposed reforms will update and broaden the Network and Information Systems (NIS) Regulations 2018, extending regulation to encompass more digital infrastructure and key suppliers, as reported by .

For the first time, these firms will be obligated to adhere to minimum security standards, report significant incidents within 24 hours and have contingency plans in place.

Regulatory bodies like Ofwat or NHS Improvement will also acquire new powers to instruct companies to take "specific, proportionate steps" to thwart attacks, including isolating high-risk systems when threats surface.