Tuesday, July 24, 2012

European consultation on cyber incidents to prepare a legislation proposal on e-security

The European Commission is seeking the views of governments, businesses, citizens about their experiences and EU possible responses to cyber incidents to help it prepare a legislative proposal on network and information security, which will be an important element of the upcoming EU strategy on Cyber security. Feedback received will help the Commission draw up an approach to possible future risk management and security breach reporting requirements that would affect businesses in particular. The consultation runs until 12 October 2012.

Cyber incidents are becoming more frequent. In 2011, web-based attacks increased by 36% over one year and there was a five-fold increase in companies reporting security incidents with a financial impact between 2007 and 2010 (5%-20%). And the risk is growing. In the next decade there is a 10% risk of a major Critical Information Infrastructure incident causing more than $250 billion in economic damage, according to the World Economic Forum.

This is also a global challenge since many cyber incidents and attacks originate outside the EU. The overarching aim of the Strategy is to ensure a secure and trustworthy digital environment where EU fundamental rights and core values, are promoted and protected.

More information about this European consultation.

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