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European Commission Announces Agreement on New Cybersecurity Rules

European Union Privacy/Cyber Risk & Data Security

Privacy, Cyber Risk & Data Security

On December 8, the European Commission announced that European Union lawmakers reached an agreement regarding cybersecurity and breach reporting legislation. The rules are intended to improve cybersecurity capabilities in Member States as well as their cooperation on cybersecurity, and will “require operators of essential services in the energy, transport, banking and healthcare sectors, and providers of key digital services like search engines and cloud computing, to take appropriate security measures and report incidents to national authorities.” The text of the agreement is subject to formal approval by the European Parliament and the EU Council of Ministers; once officially published in the EU Official Journal, Member States will have 21 months to adopt the directive into their national laws and an additional 6 months to identify which internet providers it will affect.