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UK organisations could face huge fines for cyber security failures

British organisations could face fines of up to £17m, or 4% of global turnover, if they fail to take measures to prevent cyber-attacks that could result in major disruption to services such as transport, health or electricity networks. But the proposals, which are being considered as part of a government consultation launched on Tuesday, say that financial penalties will be used as a “last resort” and not applied if organisations facing an attack can prove they assessed the risks adequately.

Read full news article on The Guardian