My Lords, the noble Lord made a couple of interesting points, which are crucial, and I will try to address them. Cybersecurity of the UK is a key priority for this Government. It is crucial to protect public services, the public, our way of life and a successful, growing economy. We have been taking significant action to help protect business from cyber- attacks.
We are also providing businesses with the tools, advice and support to protect themselves from cyberthreats, including the Cyber Governance Code of Practice, which shows boards and directors how to effectively manage the digital risk to their organisation. The highly effective cyber essentials scheme prevents common attacks and reduces the likelihood of a cyber insurance claim by 92%. Before I was invited to be a part of the Government, when I ran my businesses I ensured that they all had a cyber essentials certificate. That is the basic requirement that you need to have. At the same time, businesses need to protect themselves by having sufficient cybersecurity insurance. There are a wide range of tools and support from the National Cyber Security Centre including training for boards and staff and an early warning system to get notified about cyberthreats to networks.
When parliamentary time allows, this Government will introduce the cybersecurity and resilience Bill to raise cybersecurity standards in critical and essential services such as energy, water and the NHS.