NCC Group, a people-powered, tech-enabled global cyber resilience business, today released the third edition of its Global Cyber Policy Radar report into cyber security regulation trends.
The report offers a unique insight into the regulatory changes and policy developments organisations need to be aware of. Drawing from NCC Group's work and insights as close advisors to governments, the report covers:
- Regulation Radar looking to the laws and regulations on the horizon
- Recent policy developments you need to know
- A spotlight on operational technology (OT) regulation
- The three questions to ask yourself in the months ahead
The geopolitical context has changed. We have no choice but to adapt to “the new normal”
The report discusses how governments are moving to a war footing in cyberspace, presenting new challenges for nationally important businesses. How post the 2024 election cycle the dust is still settling as governments are yet to set their national cyber strategies. And how incident reporting requirements have grown considerably in their scale and complexity. NCC Group’s Global Cyber Policy Radar explores:
Will cyber rules be the exception in the global bonfire of regulations?
Has the era of global cooperation on AI safety come to an end?
How far down the supply chain will regulatory requirements and liability be pushed?
Group Head of Government Affairs, Kat Sommer, comments:
“As the dust from the 2024 election cycle settles, geopolitical turbulence is impacting global approaches to cyber security and cyber policy. Pivotal discussions around global trade are causing ripple effects on international relations, while governments look inwards to reinforce their national cyber defences.
Concerns about foreign access and control over critical infrastructure and data has resulted in a greater focus on domestic ownership and repatriating key supply chains. Together with enhanced oversight of critical infrastructure, these moves mark a notable shift to much more interventionist and protectionist regulatory regimes.
In these uncertain times, managing cyber security risks is essential to organisations' sustainable and profitable operations – regardless of mandatory requirements set by governments. Failure to invest in proactive cyber resilience programmes not only puts future compliance at risk - given that many cyber rules, such as in the EU, are still in train - but will also hinder organisations' resilience in the long-term."
Spotlight on navigating Operational Technology (OT) regulation
In response to the surge in cyberattacks targeting operational technology (OT), policymakers are extending cyber rules to industrial organisations and implementing new, more stringent regulatory controls. According to NCC Group's threat intelligence report, the industrial sector was the most targeted group in 2024, experiencing 1,424 ransomware attacks, an increase from 2023. These attacks have caused mass disruption, affected critical infrastructure and services, and led to significant downtime.
Insights from NCC Group’s Luc Manfredi and Ray Robinson, who have been at the forefront of OT and industrial control systems (ICS) cyber security for decades, highlight the severity of these attacks, role of regulation and the importance of robust security measures.
Download the report now: https://www.nccgroup.com/uk/global-cyber-policy-radar/
Contact
NCC Group Press Office
All media enquires relating to NCC Group plc.