From: Out-Law.com
The UK government is considering whether to introduce new “incentives” to improve the way businesses manage cyber risk.
It confirmed that it is “exploring” the issue in a statement issued in response to a report by MPs published in June on the protection of personal data online.
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Those tasked with everyday cybersecurity responsibilities should be subject to “Board oversight” and sanctions if “the company has not taken sufficient steps to protect itself from a cyber attack”, it said. To ensure cybersecurity is given sufficient attention at the top of businesses, however, “a portion of CEO compensation should be linked to effective cyber security, in a way to be decided by the Board”, the Committee said.
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