EC Seeks Feedback for Initiative on New Cybersecurity Rules
The European Commission (EC) is seeking feedback, until May 25, 2022, for an initiative that would involve development of proposal for a regulation on horizontal cybersecurity requirements for digital products and ancillary services under the Cyber Resilience Act. EC plans to adopt the regulation by the third quarter of 2022.
The initiative aims to address market needs and protect consumers from insecure products by introducing common cybersecurity rules for manufacturers and vendors of tangible and intangible digital products and ancillary services. The framework applicable to digital products comprises several pieces of legislation, including a European Union legislation on specific products covering safety-related aspects and general legislation on product liability. However, the legislation covers only certain aspects linked to the cybersecurity of tangible digital products and, where applicable, embedded software concerning these products. The existing regulatory framework on products does not prescribe specific cybersecurity requirements and does not cover all types of digital products. The framework also fails to cover a variety of widely used hardware. Moreover, non-embedded software products are not addressed in the current framework, even though vulnerabilities in software products are increasingly serving as a channel for cybersecurity attacks, causing significant societal and economic costs. Through the consultation, EC would like to gather:
- views on current and emerging problems related to the cybersecurity of digital products and associated services, including non-embedded software
- views on the possible policy approaches to address such problems, the available options, and their potential impacts
- evidence and data underpinning the identified problems
The initiative aims to enhance and ensure a consistently high level of cybersecurity of digital products and ancillary services. More specifically, a broad range of such products and associated services would be secured throughout their whole lifecycle proportional to the risks. The initiative also aims to enable users to match the security properties of such products against their needs, including by enhancing the transparency of cybersecurity features. This would protect users from insecure digital products and ancillary services and incentivize vendors to offer more secure products, thus increasing the trust in the digital single market. Finally, the initiative seeks to improve the functioning of the internal market by leveling the playing field for vendors of digital products and ancillary services.
Related Link: Notification and Call for Evidence
Keywords: Europe, EU, Banking, Insurance, Securities, Cyber Risk, Cyber Resilience Act, Regtech, Non-emedded Software, Digital Products, EC
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