EU AND UK PUSH NEW CYBER-SECURITY REGULATIONS

RC: Could you provide a brief overview of the cyber-security landscape in the EU and UK? What kinds of issues are firmly in the spotlight?

Imison: In recent months we have witnessed numerous high level international security breaches that have impacted Internet Service Providers (ISPs) as well as the financial and retail sectors. The National Cyber Security Strategy (NCSS), launched in the UK back in November 2011, was set up with the aim of making the UK more resilient to cyber attacks by building partnerships between the government and private sector to develop the UK’s cyber-security knowledge, skills and capabilities. Total funding allocated to this program has increased from £650m to £860m since its inception. The government has also set a target to more than double annual cyber exports from the UK to £2bn a year by 2016. Future plans by the NCSS include creating a cyber kitemark for firms that want to do business with the UK government, boosting UK cyber exports and providing a cyber-security baseline standard. Other plans include the development of an industry-led standard that will be based on the ISO27000 series that will focus on cyber protection and compliance.

Gillespie: The UK is in a challenging situation. According to recent stats from a BT Business Survey, UK attitudes to cyber-security at a board level is out of sync with the rest of the world and we are under indexing on the level of importance we place on cyber-security. It has been good to see growing column inches in mainstream media but sometimes it serves to raise levels of confusion.

Apr-Jun 2014 Issue

Advent IM Ltd

Jones Day

Linklaters LLP

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