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

  • Human Behavior & Human Data: Beyond Big Data

    In recent years, there has been a lot of hype around “big” data in the marketing world. Big data is extremely helpful with gathering quantitative information about new trends, behaviors and preferences, so it’s no wonder companies invest a lot of time and money sifting through and analyzing massive sets of data. However, what big data fails […]

  • Improving Customer Experience – AI/ML Driven Issue Resolution

    Author: Ashish Vashishta, VP – Technology, eClerx Customers across industries typically face issues with their purchased products/services. A troubleshooting system which can use latest AIML technologies to resolve these issues faster and more effectively can lead to a much better customer experience. As an example, a customer may have purchased a bundled product offering – […]

  • A Greener Future with AI: Minimizing Carbon Footprint for Sustainable Innovation

    Featured Article Author: Jemima Joy, ProV International Artificial Intelligence (AI) has transformed industries and opened doors to remarkable advancements, from generative art to complex decision-making systems. However, AI’s rapid growth comes with an often-overlooked environmental cost—its carbon footprint. As the demand for AI-powered tools grows, so does the energy consumption required to develop, train, and […]

  • 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 […]