The British government plans to fine telecoms firms up to 10 percent of turnover or £100,000 (US$133,000) a day if they fail to comply with the rules. British telcos could face large fines if they fail to tighten security in their networks under a new law being announced in Parliament on Tuesday, CNBC reports. The proposed Telecommunications Security Bill is designed to improve security in the U.K’s 5G and full-fiber networks. “This will be a significant step to protect the U.K. from hostile cyber activity by state actors or criminals,” the Department of Culture, Media, and Sport said in a statement. Huawei denies that its equipment presents a national security risk to the U.K. or any other country.

Source: The Standard November 24, 2020 11:15 UTC