Companies in the UK that fail to protect themselves effectively from hackers could be fined up to £17m.
http://www.bbc.com/news/technology-42861676?intlink_from_url=http://www.bbc.com/news/topics/cz4pr2gd85qt/cyber-security&link_location=live-reporting-story
The UK government is cracking down on cyber malpractice. The article states if companies fail to protect themselves from cyber crimes they will be fined.
Due to the data and services energy, transport, water and health companies provide, they are expected to have the most robust safeguards. Under a new government directive the cyber security practices at these companies will be inspected by regulators.
Joseph Nguyen says
In the US too, companies need to be E-ready for their own safety in case of litigation.