In an effort to establish uniform cybersecurity rules for connected devices and services, the European Commission issued the Cyber Resilience Act (CRA) on September 15. The European Union has long taken measures to combat cybercrime. This rule aims to safeguard consumers and the market from cyber events as part of the EU’s roadmap to the digital decade to complete the digital revolution by 2030. The Cybersecurity Act, which went into effect in 2021 and defines the duties of the European cyber watchdog ENISA, is one of two guidelines that make up the package of rules that should embed digital security in Europe. The other is the Networks and Information Systems (NIS) guideline, which aims to enhance Member States’ cybersecurity capabilities and encourages information sharing.
What Is The Main Purpose Of This Act?
The gains that come with digital connection also expose countries to cyber dangers as diverse economic sectors have grown increasingly reliant on digital technology to run their enterprises. Cybersecurity incidents are becoming more numerous, complicated, large, and impactful. A cybersecurity event may impact the entire system when everything is interconnected, causing numerous commercial and social activities to be disrupted. The Cyber Resilience Act establishes regulations to safeguard digital items that were not previously protected by any legislation.
What Does The Cyber Resilience Act Mean For Your Company?
For hardware producers, software developers, distributors, and importers that sell digital goods or services on the EU market, JURCOM has defined a number of fundamental needs. A “suitable” degree of cybersecurity, the prohibition of selling products with any known vulnerability, security by default configuration, protection from unauthorized access, restriction of attack surfaces, and minimization of incident impact are among the standards that have been recommended.
Additionally, the commission requests that producers run routine tests to find weaknesses in their goods. Member States would also need to set up organizations to monitor the market. The maximum fine for breaking the rules is €15 million, or 2.5% of the company’s annual revenue.
EU Data Act
The long-awaited “Data Act,” a proposal for regulation to provide a unified framework for commercial, non-personal data exchange throughout the European Union, was issued by the European Commission on February 23, 2022.
The European Data Act provides a uniform framework for data access and exchange. It will increase the amount of data that is accessible for use and establish guidelines for who may access what data and for what reasons across all EU economic sectors. By 2028, the Commission estimates that the new regulations will increase GDP by €270 billion. Also, the ability of businesses to use data from the products they produce will remain unchanged.
Why Do We Need It?
By guaranteeing balanced ownership over the data for its authors, the Data Act would lower barriers to data access for both private and public sector organizations while maintaining incentives to engage in data development. It will enable Europe, one of the important regions for innovation in the future decades, to realize the value of the data produced by connected items. It will make it clear who can make use of such data and under what circumstances. By providing individuals control over what may be done with the data produced by their connected goods, the new regulations will provide consumers and businesses more power.
What About GDPR?
The General Data Protection Regulation (GDPR) guidelines and the Data Act are entirely compatible. This is especially true of the right to data portability, which enables individuals to move their information across controllers providing competitive services. This right is restricted by the GDPR to personal data processed when it is technically possible and on a certain legal basis. The Data Act would strengthen this right for linked items so that users may access and transmit any data—personal or otherwise—generated by the product.
Source; Cyber Resilience Act