India's largest platform and marketplace for GCCs & AI

Sign in

India's largest platform and marketplace for GCCs & AI

3AI Digital Library

European Union to revamp Cybersecurity rules

3AI January 2, 2021

EU last year recorded around 450 cyber incidents involving European infrastructure, notably in the financial and energy sectors, and the pandemic has highlighted Europe’s deep dependence on the internet and exposed security weaknesses.

 The European Union unveiled Wednesday plans to revamp the 27-nation bloc’s dated cybersecurity rules, just days after data on a new coronavirus vaccine was unlawfully accessed in a hack attack on the European Medicines Agency.

The EU last year recorded around 450 cyber incidents involving European infrastructure, notably in the financial and energy sectors, and the pandemic has highlighted Europe’s deep dependence on the internet and exposed security weaknesses.

The EU’s current Network Information System regulations date from 2008, and the European Commission’s new proposals aim to bring them up to date and allow the EU to impose hefty fines on operators who break the rules.

“The time of innocence is over. We know that we are a target,” Commission Vice-President Margaritis Schinas told reporters. “We need to modernize, reinforce, and adapt.”

The plans include an “EU-wide Cyber Shield” linking national security authorities that would use artificial intelligence and machine learning to detect early signs of attacks, a cyber unit to respond to incidents and threats, and beefing up cooperation between countries and with organizations like NATO.

The new cyber-strategy would focus on protecting essential infrastructure like electricity grids, heating systems, gas and hydrogen plants as well as air, rail, water and road links. Financial market and health infrastructure would also be among the priorities.

The EU also wants to bolster its sanctions system related to cyber incidents, with a proposal for countries to agree on sanctions by qualified majority voting rather than unanimity. The Europeans imposed sanctions on people and organizations linked to Russia, China and North Korea this year.
The new plans must now be debated by EU countries and the European Parliament and are likely to change substantially. Once agreed upon, the 27 nations would have 18 months to adopt and start applying the rules nationally.

Picture from freepik.com

    3AI Trending Articles

  • Data for AI -Optimizing AI Governance and Implementing Key Performance Indicators for Success

    Featured Article Author: Prabhu Chandrasekharan Artificial Intelligence (AI) is revolutionizing industries by driving automation, optimization, and innovation. As AI systems become more complex, establishing robust governance frameworks focused on ‘Data for AI’ is essential. This ensures data quality, security, and neutrality, leading to reliable AI outcomes. Effective AI governance hinges on several Key Performance Indicators […]

  • Retail Revolution enabled by AI

    Predictive analytics has been used in retail for decades, but it’s within the last few years that advances in technology — namely artificial intelligence — have supercharged the speed, scale and cost at which it is used. This AI-powered retail personalization revolution helps retailers transition into a world where consumers are always connected, more mobile, more social, and have more choices about […]

  • Hospitals are using Distributed Ledger in the vaccine rollout

    Two British hospitals are using a distributed ledger to track the cold storage of sensitive COVID-19 vaccines The mass campaign to inoculate millions against COVID-19 was always going to be a monumental challenge. The fact that some vaccines are rendered useless if not kept at ultralow temperatures only complicates matters. The U.K.’s National Health Service, […]

  • The Role of Emotional Intelligence in an AI-Driven World: A Crucial Human Skill for Symbiotic Relationships

    Featured Article: Author: Anees Merchant, EVP, Global Growth and Client Success, Course5 Intelligence The relentless progress of artificial intelligence (AI) is indisputable, and it is rapidly transforming many sectors worldwide, from healthcare and education to commerce and manufacturing. The term “AI-driven world” is no longer futuristic but a present reality. However, amidst this remarkable advancement, […]