All news with #economic security tag

UK Lawmakers Urge Legal Shift on Economic Cybersecurity

🔒 The House of Commons Business and Trade Committee has urged the UK government to enshrine a new approach to economic security in law, warning that cyber and other threats increasingly imperil the nation's open economy. The committee's report, Toward a new doctrine for economic security, stresses that economic security cannot be achieved without cybersecurity and highlights attacks on critical national infrastructure and private firms. Key recommendations include making the voluntary Software Security Code of Practice mandatory, introducing tax relief for IT services that enhance operational resilience, and consulting on a mandatory cyber-incident reporting regime.