EU becomes more strict regarding cyber security, will bring new rules and regulations for smart devices connected to the Internet
The European Commission said it saw an increase in cyberattacks during the coronavirus pandemic. Russia's attack in Ukraine has raised concerns that European energy infrastructure could also be targeted amid the global energy crisis.
Abhilasha 
The European Union (EU) is now going to be even more strict regarding internet-connected smart devices and cyber security. The executive branch of the European Union proposed new legislation on Thursday. These rules will force manufacturers to ensure that Internet-connected devices meet cyber security standards. The 27 EU nations may be less vulnerable to these attacks due to cyber security threats.
The European Union said that a ransomware (cyber) attack occurs every 11 seconds around the world. The global annual cost of cybercrime is estimated to be 5.5 trillion euros in 2021. In Europe alone, cyber attacks cost between 180 and 290 billion euros each year, according to EU officials.
Cyber attacks increased after the corona epidemic
The European Commission said it saw an increase in cyberattacks during the coronavirus pandemic. Russia's attack in Ukraine has raised concerns that European energy infrastructure could also be targeted amid the global energy crisis.
The proposed legislation, known as the Cyber Resilience Act, aims to remove all products containing digital elements from the EU market that are not adequately protected.
The EU's executive commission said the law would not only reduce attacks but also benefit consumers as it would improve data and privacy protections.
Many electronic devices including phones, computers are entry points for cyber attacks When it comes to cyber security, Europe is only as strong as the weakest link, whether it is a weak member state or one along the supply chain, said the EU commissioner for the internal market, Thierry Breton. Why not an unsafe product? At the same time, he said that every one of these crores of products like computers, phones, home appliances, virtual assistance devices, cars, toys is a potential entry point for cyber attacks. Breton said that most hardware and software products are not currently subject to any cybersecurity obligations.
