Page 17 - Summer 2024

UK announces World First Laws to protect
Consumers from Cyberattacks.

In a world first manufacturers of internet-
connected smart devices are to be legally
required to protect consumers in the UK from
hackers and cyber criminals. In particular,
the new regulations will prohibit such
manufacturers from using weak default
Cybersecurity Budgets rise for
passwords and there will be transparency
Telecommunications and Tech
requirements mandating that manufacturers
and retailers inform consumers about the
A recent report by financial services minimum timeframe for receiving critical
company Moody’s has revealed that security updates, enhancing overall security
telecommunications, media and technology protocols. There will also be a requirement
DEVELOPMENTS IN companies have experienced a 125 per cent for manufacturers to disclose how to report
increase in their cybersecurity budgets security issues swiftly.
CYBERSECURITY between 2019 and 2023. This is despite having
a cyber manager and more cyber expertise at
board level than the global median.

According to the report the threat landscape
of this industrial sector is one of medium to
high risk cyber risk exposure, with much of the
vulnerability being due to the fact that these
businesses handle vast amounts of sensitive
AI helps Offshore Wind Farms protect against Recommendations from the study include
data, especially customer information, financial
Cyberattacks the adoption of AI notably in offshore wind’s
records and proprietary intellectual property.
digital frameworks along with the formation
Research by the Alan Turing Institute has of organisational emergency protocols, The report showed that over 90 per cent of
highlighted the vulnerability of offshore the facilitation of cross-border intelligence respondents have stand alone cyber insurance,
wind farms owing to their frequent reliance sharing with regard to cyberattacks, and the as against 78 per cent in 2021, and that with this
on outdated software and communications establishment of security protocols to respond to insurance they have broad coverage, covering
technology that was not designed with such incidents.
for example business interruption, regulatory
cybersecurity considerations.
fines, reputational damage, ransom payments
Dr. Alexander Babuta, Director of CETaS,
and incident response.
Further research, however, by the Alan Turing comments:
Institute Centre for Emerging Technology
In response to the findings, Nick Millward, Board
and Security (CETaS) and the Data Centric “The UK’s offshore wind production is set to
Member and Consultant for the Mobile Eco-
Engineering Programme, has suggested that by significantly increase over the coming years. Graham Russell, CEO of the Office for Product
system Forum, discussed how AI could help
introducing AI and intelligent automation some However, the more it becomes integrated into Safety and Standards, states:
address some of these concerns:
of these risks may be mitigated by assisting our energy supplies the greater the potential
operators in detecting and anticipating potential for serious disruption if it were to come under
“Telcos must navigate privacy risks, ensuring “The use and ownership of consumer products
cyber threats. a cyberattack. Incorporating AI into these
compliance and transparent data policies. Bias that can connect to the internet or a network is
systems is one way that cybersecurity could
in AI algorithms needs proactive processes for growing rapidly. UK consumers should be able
be improved. However, to make offshore wind
fairness. Cybersecurity threats require robust to trust that these products are designed and
farms more resilient we need to consider
protection for both data and AI systems. built with security in mind, protecting them from
the robustness of the entire system, such as
the increasing cyber threats to connectable
rapid power recovery, as well as eliminating devices”.
cybersecurity threats”. AI-powered solutions will also bolster defences
against evolving threats in mobile telecoms.
Machine learning algorithms will be used to A recent Which? study found that a home filled
Reference: ‘AI could help secure Offshore Wind Farms from
analyse patterns and anomalies to detect and with smart devices could be exposed to over
Cyberattacks, says Alan Turing Institute’, Electrical Review, June 27th.
prevent cyber attacks in real-time, safeguarding 12,000 hacking attacks from attackers all over the
sensitive data and ensuring user and brand world in a single week, with up to 2,684 attempts
privacy”. to guess weak default passwords on just five
devices.
Reference: Adams, H.S., Mobile Magazine, 15th. June
Reference: Uffindell, R., Tech News, May 1st.

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