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UK regulator warns of big fines, service suspensions for tech giants ahead of new safety rules

LONDON —  Technology giants could face "significant" fines if they don't comply with the U.K.'s internet safety regulations, which are set to enter into force in two months' time, the British media regulator Ofcom warned Thursday.

The Online Safety Act includes sweeping new rules that will force large tech firms to do more to combat illegal content online. Over the past six months, Ofcom has consulted on its codes and guidance for illegal harms, pornography age verification and children's safety.

The watchdog said it submitted its advice to the government on which services it would look to subject to additional duties based on certain thresholds. Ofcom has also spoken with tech firms, including some of the largest platforms, about what they will need to do next year.

Ofcom said it's already secured better protections from several online platform companies. That includes the adult content-focused subscription platform OnlyFans, which introduced age verification; free speech-focused video-sharing site BitChute, which improved its content moderation, and live-streaming service Twitch, which introduced measures to prevent children from seeing harmful videos.

Meta and Snapchat have also implemented changes to protect children from grooming, Ofcom said. The regulator added that, while these are positive steps, more changes will be needed wen the Online Safety Act comes into force.

From December this year, Ofcom will publish first edition illegal harms codes and guidance. Tech platforms will then have three months to complete an illegal harms risk assessment.

The watchdog has further milestones to cross as the regulation rolls out in 2025. In January Ofcom said it'll finalize children's access assessment guidance and age assurance

Read more on cnbc.com
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