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Stricter UK cybersecurity regulations by end of 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official government announcements or legislative records
Story
Chinese Hackers Breach UK Ministry of Defence Payroll, Exposing Data of 270,000
May 6, 2024, 09:02 PM
A significant cybersecurity breach has occurred involving the UK Ministry of Defence, attributed to Chinese state hackers. The breach specifically targeted the Ministry's payroll system, compromising personal details including names and bank information of current and former UK service personnel. This data breach has affected potentially up to 270,000 individuals, encompassing regulars, reserves, and veterans. MPs are scheduled to be briefed on the extent of the breach on Tuesday. The systems involved were managed by an external contractor.
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Stricter data breach penalties • 33%
Enhanced international cooperation requirements • 33%
Mandatory cybersecurity audits for large corporations • 34%
Strengthened data protection laws • 25%
Increased funding for cybersecurity • 25%
New restrictions on contractors • 25%
No significant policy changes • 25%
Increase in budget • 33%
No change in budget • 34%
Decrease in budget • 33%
Yes • 50%
No • 50%
Above 80% • 50%
Below 80% • 50%
