Risk: Informational
A report issued by the House of Lords has made recommendations such as introducing a central web-based e-crime reporting system and the introduction of security breach notification laws, in a bid to improve Internet security.
Another Lords recommendation was the introduction of data security breach notification legislation that would force firms to report incidents that impact customer privacy. Similar legislation is already in place across many US states.
The report states: "A data security breach notification law would be among the most important advances that the United Kingdom could make in promoting personal internet security. We recommend that the government, without waiting for action at European Commission level, accept the principle of such a law, and begin consultation on its scope as a matter of urgency." A more controversial point in the report calls for IT vendors to be held liable for weaknesses in their products.