Cloud providers at risk of £17m fines following NIS Regulations update
Updated regulation changes law from requiring an incident to cause immediate threat to life or significant adverse impact on the UK economy, to merely requiring a significant risk or significant impact in relation to service provision, meaning that any outage could potentially result in a huge fine
Cloud providers could face fines of up to £17 million under updated regulations which came into force in the UK on 31st December 2020. The NIS (Network and Information Systems) Regulations previously...
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