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In a policy paper shared this week , the British government noted that the UK is "highly dependent" on undersea infrastructure owned by private sector companies. While the report notes that connectivity is "resilient," with "faults rarely causing noticeable disruption to data or energy availability," it's still "vulnerable to damage from accidents and potential sabotage."
The changes proposed include new criminal offenses. These include causing a security compromise to critical undersea infrastructure, capturing both physical and non-physical interference, including remote electronic interference, cyber activity and certain preparatory conduct directed at compromising infrastructure. There would also be further offenses linked to obstructing repairs and failing to preserve evidence, when requested.
With these new offenses, the UK government is threatening penalties on a three-tier scale. Up to 14 years' imprisonment is proposed for intentional conduct, 10 years for reckless conduct, and two years for grossly negligent conduct, along with potentially unlimited fines. It's also considering an even higher maximum penalty for more serious cases, and whether it'll apply solely within the UK's national waters or further afield.
17 Russian trawlers logged mapping undersea cables connecting the US and Europe
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/uk-proposes-14-year-prison-sentences-for-undersea-cable-saboteurs-amid-russian-trawler-threats-government-responds-to-growing-threats-with-new-criminal-offences-and-emergency-powers-to-shut-down-services#main
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Informational only. No financial advice. Do your own research.