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MPs propose tougher CEO sanctions over data security breaches


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CEOs of companies which fail to prevent problems with data security following cyber attacks face having part of their pay withheld under proposals outlined by a committee of MPs, which has also called for disclosure of data protection strategies in annual reports

 

The Select Committee report recommended:

 

Making advice on claiming compensation more readily available.

Solicitors to provide advice to data breach victims

Checking if existing measures are adequate.

Clearer upfront info on cancelling contracts in the event of a data breach.

Fines for companies that fail to guard against cyber hacks

 

https://www.cchdaily.co.uk/mps-propose-tougher-ceo-sanctions-over-data-security-breaches

 

The Select Committee's full report is here:

www.publications.parliament.uk/pa/cm201617/cmselect/cmcumeds/148/148.pdf

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