Cyber Governance Health Check 2017” report highlights industry cyber risk management

Cybersecurity is a major issue faced by businesses today and the UK government aims to help industry overcome these challenges. In support of this, the government has conducted a Cyber Governance Health Check survey in collaboration with Deloitte, EY, KPMG and PwC.

The survey comprises 105 FTSE 350 companies and shows that 57% of boards understand the potential impact of disruption to data assets and 54% view cyber risk as one of the major threats to their company.

However, 68% of respondents had not received training on how to deal with cyber incidents and only 6% of boards believe their business can fully comply with the General Data Protection Regulation (GDPR) specifications.

Link to report.

Ethics and Trust in a Digital Age

Strong ethical principles are a fundamental attribute required of professional accountants.

In early 2017, the Association of Chartered Certified Accountants (ACCA) surveyed 10,000 of its members, along with students and business leaders on their views regarding ethical challenges in the digital age.

Among the findings of the survey were that it may be a requirement to explore if there is enough organisational support and encouragement to make sure accountants feel able to report unethical behaviour.

The report also highlighted widespread support for the view that the accountant’s ethical behaviour helps the organisation build trust both within and outside the organisation.

DCMS gathers data on the UK's cyber security industry

The Department for Digital, Culture, Media and Sport (DCMS) launched a survey running between 15 and 31 August 2017 to survey organisations from the UK cybersecurity sector.

This is part of a DCMS research project commissioned to RSM’s Economic Consulting team (PACEC) to gather statistics on the UK’s cybersecurity sector, including the size, scale and potential opportunities.

The overall aim of this research is to help inform cybersecurity policy and identify how the government can support this sector.

This consultation has now closed and feedback from the survey is being analysed.

Minister of State for Digital proposes new data protection bill

The Minister of Digital has announced proposed a data protection bill that will increase consumer control over their digital data.

In addition to adopting EU law into UK law in preparation for Brexit, the bill allows consumers to withdraw consent from companies using their personal data, which is not currently standard practice.

Erasure of personal data from social media channels would allow individuals to permanently remove content from their profiles.

The bill, endorsed by techUK, enhances the powers of the Information Commissioner to defend consumer interest and increases sanctions for companies that fail to comply.

The aim is for these new rules to begin to be enforced by May 2018.


The British Academy and the Royal Society releases report on data management and governance

The British Academy and the Royal Society finds that today's data governance systems are under pressure from the accelerated pace of change in the nature of data management and data use, the evolving technological context and the shifting meaning of core governance concepts.

This report advocates a renewed governance framework based on a set of high-level principles, as well as the creation of a body to steward the evolution of the governance landscape as a whole, which would aim to encourage the application of these principles across the spectrum of data governance actors.