Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Monday 29 November 2021 11:00 am  |  Updated:  Friday 26 November 2021 3:11 pm

Letters: Hold it there, regulators

By: City PM reporter

Add as a preferred source on Google
Cyber attacks top the list of concerns facing UK firms, shortly followed by Business Interruptions and natural disasters.
Cyber attacks top the list of concerns facing UK firms, shortly followed by Business Interruptions and natural disasters.

[Re: Parliament introduces cyber law to protect tech from hackers, Nov 25]

The safety of consumers is of utmost importance, and it is right to put the onus on manufacturers and retailers to protect people more from exposure and harm from Internet of Things devices. But with companies currently facing a plethora of cyber risks, the Product Security and Telecommunications Infrastructure Bill simply adds another task to security officers’ ever-growing list of to-dos.

Manufacturers are already struggling to stave off threatening actors and comply with existing legislation – adding another regulation into the mix will only further overwhelm them.

Therefore, I believe that all cyber security regulation and legislation must come with accompanying guidelines and support for the industries expected to comply with them.

Regulators and the UK Government have a view of the cyber threats these organisations face that goes well beyond what any one player in the industry could expect to understand. There is, therefore, a responsibility to explain why it’s coming into effect and how to consider its implications. We could end up seeing security officers having no choice but to comply with these new security rules on an individual basis, rather than thinking about their security posture more holistically. This could end up threatening their customer relationships, profit potential and market position if they aren’t well-prepared for the future.

Martin Tyley

Read more

Gambit Cyber Launches Vizier AI – An Autonomous Security Intelligence Workspace for Continuous Exposure Management

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Opinion

Categories

  • Letters

Trending Articles

  • Burnham tax plans spark investor rush to bank capital gains

  • Nothing fails to file accounts months after dissolution threat

  • I’ve taken the best train trips in the world. Here are my 5 favourites

  • Cruyff turn: Starmer allows pubs to stay open for England World Cup game

  • PwC joins the Canary Wharf crowd in major property shake-up

More from City PM

  • Gambit Cyber Launches Vizier AI – An Autonomous Security Intelligence Workspace for Continuous Exposure Management

    Business Wire
  • ‘Act now’: AI models capable of attacks on governments months away, Five Eyes warn

    Tech
    GettyImages 158774123 showcases a relevant business meeting scene, highlighting diverse professionals engaged in discussion.
  • Yubico Joins European Cyber Security Organisation (ECSO)

    Business Wire
  • The Debate: Should CEOs be held personally accountable for cyberattacks?

    Opinion
    Evil-looking keyboard symbolizing cybersecurity threats and hacking risks in a digital landscape.
  • ‘Very concerned’: City watchdog scolds motor finance lenders over £9bn redress scheme

    Banking
    FCA sign
  • Why Britain needs a defence innovation engine

    Opinion
    Defence
  • Trump to reject UK plea over Anthropic ban as AI ‘kill switch’ fears grow

    Tech
    Getty Images logo on a modern office building exterior, symbolizing global influence in media and stock photography industry
  • Stockpiling helps manufacturing sector power through Iran war blows

    Industrials
    Manufacturing has suffered yet another downturn in activity over September.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy