In the EU, it is possible to enact a cyber security law that will oblige producers of any digital technology with access to the Internet to protect it from hacking, a document that the European Commission insists on, written by Associated Press.
According to EU data, cyber attacks occur every 11 seconds, and as estimated in 2021, the annual cost of cyber attacks is about 5.5 trillion euros. In the European Commission, hundreds of millions of electronic devices, including smartphones, computers, cars, household appliances, even toys, do not have adequate protection against hacking, most of these products are not regulated by any safety standards.
The Commission believes that the new law will not only reduce the number of attacks, but will also benefit consumers by improving data protection and confidentiality.
According to Thierry Breton, the EU Commissioner for the Internal Market, most hardware and software products are not currently subject to any cyber security obligations. If the law is adopted, manufacturers will have to take cybersecurity into account when designing and developing their devices. Enterprises will be responsible for the safety of devices throughout the expected life of the products, but not less than five years. Market authorities will have the right to seize or withdraw inappropriate devices and to fine companies that do not comply with the new regulations.