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The UK government plans to introduce the Cyber Security and Resilience Bill on Wednesday to strengthen the country’s defenses against disruptive cyberattacks that have put pressure on the British economy. This comes amid calls for British businesses to take concrete action to protect themselves from cyberattacks, as the number of nationally significant incidents spikes. Research indicates cyberattacks cost the UK economy around £14.7 billion a year, or 0.5% of the country’s GDP. The bill’s rules could apply to up to 1,000 companies, officials say. The legislation will focus on critical sectors, including healthcare, energy, transportation, water, and digital supply chains.  Cyberattacks have spiked by 50% in the past year, and the UK’s security services are now dealing with a new nationally significant attack more than every other day, figures from the National Cyber Security Centre (NCSC) have revealed. The chancellor, Rachel Reeves, the security minister, Dan Jarvis, and the technology and business secretaries, Liz Kendall and Peter Kyle, had initially written to the bosses of hundreds of Britain’s biggest companies, calling on them to ensure cyber-resilience is a board-level responsibility while alerting that hostile cyber-activity in the UK has become “more intense, frequent and sophisticated”. New bill promises stricter cyber regulations The new law will apply to medium and large companies that provide IT or digital services to the public sector and critical infrastructure. This includes suppliers to the NHS, energy companies, and transport networks. Regulators will be able to designate certain companies as “critical suppliers” and ensure they meet basic cybersecurity standards. Companies that fail to comply may face fines or other penalties. Richard Horne, the National Cyber Security Centre’s chief executive, said the new bill was a welcome development, noting that the real-world consequences of cyberattacks have been more evident in recent months than ever before. In August, Jaguar Land…

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Filed under: News - @ November 12, 2025 11:29 am