UK Cos. Say Breach Reporting Plan Won't Curb Cyberthreats

Law360, New York (September 24, 2013, 6:10 PM EDT) -- Critical infrastructure operators in the U.K. have raised concerns that a mandatory security breach reporting regime proposed by the European Commission would conflict with existing regulations and create a culture that focuses on compliance rather than curbing intrusions, the U.K. government revealed Friday.

The companies' feedback came in response to the U.K government's May 22 call for evidence on a directive put forth by the Commission in February that would require companies in the energy, banking, transportation and health sectors as well as “enablers of key...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.