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EU cyber resilience regulation could translate into millions in fines

19
Jan
2023
EU cyber resilience regulation could translate into millions in fines

image credit: pixabay

The EU Commission’s Cyber Resilience Act (CRA) is intended to close the digital fragmentation problem surrounding devices and systems with network connections – from printers and routers to smart household appliances and industrial control systems. Industrial networks and critical infrastructures require special protection.

According to the European Union, there is currently a ransomware attack every eleven seconds. In the last few weeks alone, among others, a leading German children’s food manufacturer and a global Tier1 automotive supplier, headquartered in Germany, were hit, with the latter becoming the victim of a massive ransomware attack.

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