Are British SMBs ready to level up with Cyber Security Bill?

TLDR:

• The Cyber Security and Resilience Bill aims to tighten supply chain security in the UK.
• Experts are concerned about the impact of the bill on smaller firms in public sector supply chains.

Article Summary:

British SMBs are currently lacking in cyber protections, with many not even implementing basic cyber hygiene practices. The new Cyber Security and Resilience Bill, announced during the King’s Speech in July, is focused on enhancing the security of critical national infrastructure and strengthening supply chains. However, concerns have been raised about the limited scope of the bill and its potential negative impact on smaller businesses. While the bill is expected to promote overall improvement in cyber resilience, experts warn that smaller organizations may struggle with compliance due to resource limitations. The pressure from new regulations is seen as a positive driver for enhancing cybersecurity practices, but there is a need for lighter burdens on smaller firms to prevent overly demanding obligations. Overall, the bill highlights the importance of ensuring that SMBs are resilient to cyber threats for the economic growth and stability of the UK.