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Draft EU rules target smart devices with cybersecurity risks



(Reuters) — Internet-connected smart devices such as refrigerators and televisions will have to comply with the European Union’s tough cybersecurity rules or risk being fined or banned from the bloc, according to a European Commission document seen by Reuters on Thursday.

Concerns about cyber security attacks have increased in recent years following high-profile incidents of hackers damaging businesses and demanding huge ransoms.

EU leaders will announce their proposal called the Cyber ​​Resilience Act on September 13. It will likely become law after input from EU countries.

Manufacturers must assess the cybersecurity risks of their products and take appropriate steps to address issues, the document said.

Companies will be required to notify the EU cyber security agency ENISA of incidents within 24 hours of becoming aware of the issues and taking steps to address them.

Importers and distributors will need to verify that the products comply with EU regulations.

If companies do not comply, national supervisory authorities can “ban or restrict the product from being made available on its national market, withdraw it from that market or recall it,”

; the paper said.

Ignoring the rules can cost companies fines of as much as €15m or up to 2.5% of their total global turnover, whichever is higher, with lower fines for less serious offences.


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