Overlapping cyber regulations drive up costs without reducing risk, report says

Mismatched and inconsistent regulations are adding to already ballooning cyber security costs for companies without meaningfully reducing the risks of cyber attacks, a new report says.

One-size-fits-all mandates incur unnecessary costs for organisations, slow down resilience efforts, and divert resources away from actually mitigating risks, according to the report by the GSMA, a global mobile network trade body, published on Wednesday.