“It is the responsibility of Boards of Businesses and organisations to manage their own cyber risk”
In support of these aims, we will increasingly work with market influencers (procurers, financial institutions, investors, auditors and insurers) to incentivise good cyber security practices across the economy. “We will propose improvements to corporate reporting of resilience to risks, including cyber risks. This will give investors and shareholders better insight into how companies are managing and mitigating material risks to their business” Says UK Government.
This new strategy will put the onus on companies to greatly increase their mitigation plans linked to Cyber Security, Utilities and the supply chains will need change their approach to Cyber Risks!