Key Points
- CyberHub, a combined cybersecurity and cyber insurance package, has been launched by West Midlands IT provider Hubtel IT and London insurance broker Konsileo Commercial Insurance to protect UK firms from rising cyber threats
- The launch coincides with the Cyber Security & Resilience (CS&R) Bill winding through Parliament, which will impose additional cybersecurity and risk-mitigation requirements on UK companies
- The CS&R Bill, introduced to Parliament in November 2025, expands the scope of the UK’s 2018 NIS (Network Information Systems) Regulations, bringing managed service providers, data centres and critical infrastructure into regulation
- Organisations classed as critical infrastructure must notify authorities within 24 hours of a reportable cyber incident under the new legislation
- Regulators will have greater powers to fine non-compliant entities, with the existing £17 million cap on penalties potentially replaced by fines linked to 4% of a company’s global turnover
- The CyberHub package aims to give firms peace of mind that they are well protected, mitigating risk from cyberattacks and providing coverage should cyber criminals breach their defences
- UK firms face tighter cyber rules and faster reporting deadlines as the new regulatory framework takes shape
CyberHub launches for UK firms as bill tightens rules
A new combined cybersecurity and cyber insurance package called CyberHub has been launched for UK businesses as the Government tightens cyber security regulations through the Cyber Security & Resilience Bill, which will impose stricter compliance requirements and heavier penalties on organisations that fail to protect against cyber threats.
What is CyberHub and who launched it?
As reported by the Greater Birmingham Chambers of Commerce, Hubtel IT, a Solihull Chamber member based in Nether Whitacre in Warwickshire, and Konsileo Commercial Insurance, a London insurance broker, have joined forces to offer their ‘CyberHub’ combined cybersecurity and cyber insurance package to businesses in all sectors. The West Midlands IT services provider and the London insurance broker created this comprehensive solution specifically to support UK companies seeking to mitigate cybersecurity risks in an increasingly hostile digital environment.
Why is CyberHub being launched now?
She spoke out as the Cyber Security & Resilience (CS&R) Bill currently winds its way through the legislative process to become law, when UK companies will be expected to comply with a series of additional cybersecurity and risk-mitigation requirements. The timing is deliberate, as the package addresses the imminent regulatory changes that will fundamentally alter how UK businesses must approach cyber security compliance.
As reported by the Greater Birmingham Chambers of Commerce, the CS&R Bill was introduced to Parliament in November 2025 and expands the scope of the UK’s 2018 NIS (Network Information Systems) Regulations, bringing more entities into regulation, including managed service providers, data centres and critical infrastructure. This significant expansion means many organisations that previously fell outside regulatory requirements will now face mandatory compliance obligations.
What are the key requirements under the new bill?
Organisations classed as critical infrastructure must notify authorities within 24 hours of a reportable cyber incident, and regulators will have greater powers to fine non-compliant entities. This 24-hour notification window represents a substantial increase in the speed at which businesses must respond to and report cyber security incidents compared to previous requirements.
UK firms face tighter cyber rules and faster reporting deadlines, as a new package combines protection with the emerging regulatory landscape. The operational incident reporting requirements will cover all firms holding Part 4A permission, as well as payment service providers, UK Recognised Investment Exchanges (RIEs), registered trade repositories and registered credit rating agencies.
How will penalties change under the new legislation?
The proposed cyber security legislation could dramatically increase financial consequences for non-compliance. As reported by IT Brief UK, under the proposed cyber security legislation, the existing £17 million cap on penalties could be replaced by fines linked to 4% of a company’s global turnover. This represents a potentially enormous increase in financial risk for organisations that fail to meet their cyber security obligations.
The staffing gap comes as the UK moves towards stricter cyber security regulation and considers new restrictions on ransomware payments. Separately, measures under consultation could limit or ban certain ransomware payments, adding another layer of complexity to how organisations must respond to cyber attacks.
What does CyberHub offer to businesses?
As reported by the Greater Birmingham Chambers of Commerce, “As well as compliance with the new Bill when it becomes law, our CyberHub package gives firms peace of mind that they are well protected, mitigating the risk from cyberattacks and covered should cyber criminals breach their defences”. This dual approach addresses both the regulatory compliance requirements and the practical need for financial protection against cyber incidents.
The CyberHub partnership aims to protect UK firms from rising cyber threats by combining technical cybersecurity measures with insurance coverage. This integrated approach recognises that businesses need both prevention capabilities and financial safety nets to manage cyber risk effectively.
Which sectors will be affected by the new regulations?
The expanded regulatory scope brings diverse organisations into compliance requirements. The CS&R Bill expands the scope of the UK’s 2018 NIS (Network Information Systems) Regulations, bringing more entities into regulation, including managed service providers, data centres and critical infrastructure.
Separately, the third-party reporting obligations will apply to a broader group of firms, including those under the enhanced scope of the Senior Managers & Certification Regime (SM&CR), banks, designated investment firms, building societies, Solvency II firms and large firms subject to the Client Assets Sourcebook (CASS). The third-party reporting rules will also extend to UK RIEs, authorised electronic money institutions, authorised payment institutions and consolidated tape providers.
What preparation time do firms have?
Under the new regime, firms will have 12 months to prepare before the rules come into force on 18th March 2027. This preparation window provides organisations with an opportunity to assess their current cyber security posture, implement necessary controls, and ensure compliance with the upcoming regulatory requirements.
The change comes amid a sharp increase in cyber attacks targeting UK businesses and critical infrastructure. Following a consultation in December 2024, the regulator has introduced a more streamlined system, including a single reporting portal developed in collaboration with the Bank of England and the Prudential Regulation Authority.
How will reporting processes change?
The new framework aims to reduce duplication while ensuring regulators receive critical information earlier. Key changes include a standardised definition of operational incidents and clear thresholds for reporting, a unified submission process across regulators, simplified reporting forms for most firms, and new requirements for firms to track and report their relationships with key third-party providers.
In addition to the above, financial firms will be required to maintain a register of “material” third-party arrangements and submit it annually, as well as notifying the FCA of any significant changes to these relationships. Payment service providers and credit rating agencies will also see duplicative reporting requirements removed.
What is the broader cyber crime context?
Cyber crime surges faster than police staffing in England, creating a challenging environment for organisations trying to protect themselves. The threat landscape continues to evolve rapidly, with increasingly complex attacks targeting financial services and critical infrastructure sectors.
The new framework aims to reduce duplication while ensuring regulators receive critical information earlier. The financial sector faces a growing wave of increasingly complex attacks, prompting the Financial Conduct Authority to unveil new rules around cyber incidents and disruptions.
For organisations looking to build team capabilities in addressing these evolving cyber security challenges and regulatory compliance requirements, corporate courses in Cyber Security & Risk Management can provide essential training for staff at all levels https://imperialtraining.org/training-category/.
What does this mean for UK businesses?
The convergence of new regulatory requirements and emerging cyber threats creates an urgent imperative for UK businesses to strengthening their cyber security posture. The CyberHub launch demonstrates how private sector providers are responding to help organisations navigate this complex landscape, combining technical protection with insurance coverage to provide comprehensive risk management.
As the Cyber Security & Resilience Bill progresses through Parliament, organisations across all sectors must prepare for mandatory compliance requirements, faster incident reporting deadlines, and significantly increased financial penalties for non-compliance. The 12-month preparation period offers a critical window for businesses to assess their readiness and implement necessary changes before the rules come into force in March 2027.