Due to the impact of scams such as Basis Markets, the UK government has initiated cybersecurity reforms.
Recently, the UK government submitted the "Cybersecurity and Resilience Bill" to Parliament, aiming to strengthen regulation of a broader range of technology and service providers to address the growing cyber threats.
The bill brings IT management and cybersecurity providers under regulatory oversight while establishing mechanisms to prevent and control the risks of artificial intelligence abuse (especially prohibiting the generation of harmful content such as child sexual abuse material) and authorizing trusted institutions to conduct vulnerability testing before deploying AI models.
Research shows that the average cost of a significant cyber attack in the UK is £190,000, with annual total losses around £14.7 billion. This legislation is an important part of the UK's efforts to strengthen cybersecurity, optimize cyber incident response capabilities, and prevent cyber attack strategies from countries like China, Iran, and North Korea.
Meanwhile, in the field of fintech regulation, the UK Serious Fraud Office (SFO) is advancing an investigation into the scam involving cryptocurrency hedge fund Basis Markets.
This institution, which once claimed to be "low risk," raised funds in 2021 through unregistered NFT and token sales but suddenly collapsed in 2022, resulting in retail investors losing $28 million.
The investigation had been quiet for more than three years, but with recent raids and calls for evidence from investors, the momentum has significantly increased, and two suspects have already been arrested.
Notably, this investigation resonates with the previous conviction case of Zhimin Qian's multi-billion dollar Bitcoin scam, highlighting the tightening regulation of illegal activities in the cryptocurrency sector in the UK.
In summary, from strengthening infrastructure security to combating cryptocurrency crime, the UK government is building a multi-layered defense system against digital threats through a combination of legislation and law enforcement.
These measures not only reflect new challenges posed by the intertwining of cyber risks and financial risks but also demonstrate the determination of regulatory agencies to protect the interests of citizens and businesses in the digital age.
#英国 #网络安全