EU proposes rules for cybersecurity risks on Smart Devices
By MYBRANDBOOK
The European Union (EU) has announced a set of draft rules to make it mandatory for all smart devices connected to the internet to evaluate their cybersecurity risks. In case of any faults, the companies need to take appropriate procedures to fix problems under the new Cyber Resilience Act.
The EU has made it strict for all smart devices connected to the internet — including laptops, refrigerators, smartwatches — to assess the cybersecurity risks. The companies who fail to comply with the laws can be charged a fine of up to EUR 15 million or up to 2.5 percent of their total global turnover.
Under the new law, manufacturers will have to assess the cybersecurity risks on their products. Moreover, they are also bound to inform EU cybersecurity agency ENISA of cyber incidents within 24 hours as and when they get aware about it.
EU Digital Chief Margrethe Vestager, said, “It (the Act) will put the responsibility where it belongs, with those that place the products on the market. Just as we can trust a toy or a fridge with a CE marking, the Cyber Resilience Act will ensure the connected objects and software we buy comply with strong cybersecurity safeguards.”
Vestager also encouraged companies to comply with these rules of assessing cybersecurity risks as it could save them as much as 290 billion euros annually in cyber incidents. The draft rules, before becoming a law, will need to be agreed with EU countries and EU lawmakers. The act was initially announced by European Commission President Ursula von der Leyen last year.
BREAKING NEWS
TECHNO TRENDS
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
E-Magazine
TECHNOTAINMENT
ED attaches Raj Kundra, Shilpa Shetty’s Rs 97 crore worth as
The Enforcement Directorate (ED) has seized businessman Raj Kundra's pro
Salman Khan trolled for singing with B Praak at Anant Ambani's
To celebrate Mukesh Ambani's youngest son Anant Ambani’s 29th birthday
MOVERS & SHAKERS
DigiCert names Atri Chatterjee as CMO
DigiCert has announced the appointment of Atri Chatterjee as Chief Market
Amagi names its Chief Product Officer
Amagi announced the appointment of Richard Perkett as its Chief Product Of
OPEN YOUR EYES
INTERVIEWS
India continues to be a key contributor in Hitachi Vantara’s
The brand strategy of Hitachi Vantara is tied to further expanding the Hita
Commvault leading the next generation of data protection throu
A valued brand, Commvault reinforces the commitment to protect customer dat
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
TAC SECURITY SOLUTIONS
MATRIX COMSEC PVT. LTD.
HIMACHAL FUTURISTIC COMMUNICATIONS LTD.
JUVAS SOLUTIONS PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Hari Om Rai
Hari Om Rai is the Co-founder, Chairman & Managing Director of Lava In...
Technology Icons Of India 2023: Dr. Sanjay Bahl
Sanjay Bahl is currently with the Indian Computer Emergency Response T...
Technology Icons Of India 2023: Lt Gen (Dr.) Rajesh Pant (Retd.)
LT Gen(Dr.) Rajesh Panth (Retd.), National cyber security coordination...
PARTNER SPEAKERS
PSU
Leading company into fertilizers in the country
NFL is a dynamic organization committed to serve the farming community...
NPCI leading India towards Digital payments
The National Payments Corporation of India (NPCI) is an initiative tak...
BBNL empowering rural India digitally
BBNL provide high speed digital connectivity to Rural India at afforda...
VIDEOS
Top 25 Brands
Value-Added Distribution
SONATA INFORMATION TECHNOLOGY LIMITED
Sonata Software Limited is a leading Modernization engineering company...
ADITYA INFOTECH LTD.
Aditya Infotech Ltd. (AIL) – the technology arm of Aditya Group, is ...
INGRAM MICRO INDIA PVT. LTD.
Ingram Micro India, a large national distributor offers a comprehensiv...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
