EU cyber defenses News

ECB’s Cyber Security Test Shows ‘Room for Improvement’ for Banks

Euro zone banks have “room for improvement” in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said on Friday. The ECB’s first ever cyber risk stress test was launched …

EU Weighs Wider Scope for Cybersecurity Certification Scheme: Proposal

The European Union is considering broadening the scope of proposed cybersecurity labeling rules that would affect not just Amazon, Alphabet’s Google and Microsoft but also banks and airlines, according to the latest draft of the rules. The EU move to …

Siemens, Ericsson Warn Proposed EU Cybersecurity Rules May Disrupt Supply Chains

Electronics makers Siemens, Ericsson and Schneider Electric, along with industry group DigitalEurope warned on Monday that onerous proposed EU rules targeting cybersecurity risks of smart devices could disrupt supply chains on a scale similar to during the pandemic. Proposed by …

ECB Cyber Stress Test Won’t Deliver Direct Capital Hit to Banks

The European Central Bank’s cybersecurity stress test next year won’t have a direct impact on capital requirements, limiting the exercise’s potential repercussions for investor payouts. The test will be a learning experience for lenders and the supervisor, ECB officials said …

Cyberattacks on Renewables: The Stuff of Nightmares for Europe’s Power Sector

Saboteurs target a nation leading the world in clean energy. They hack into vulnerable wind and solar power systems. They knock out digitalized energy grids. They wreak havoc. It’s the stuff of nightmares for European power chiefs. Henriette Borgund knows …

EU Weighs Cyber Plan Aimed at Keeping Cloud Data in Europe

The European Union is weighing a plan that would require cloud providers to store all of their data within the bloc in order to qualify for its highest cybersecurity certification. ENISA, the EU’s cybersecurity regulator, is drawing up the new, …

EU Announces $1.2B Plan to Counter Growing Cyber-security Threats

The European Commission on Tuesday announced a 1.1-billion-euro ($1.2 billion) plan to counter growing cybersecurity threats, underscoring mounting concerns about a series of high-profile hacking incidents. The growing use of cyber warfare in the military conflict between Russia and Ukraine …

Ukraine War, Geopolitics Fuel Cyber Attacks: EU Agency

Geopolitics such as Russia’s invasion of Ukraine has led to more damaging and widespread cybersecurity attacks in the year to July, EU cybersecurity agency ENISA said in its annual report on Thursday. ENISA’s study follows concerns about the role of …

EU Agrees to Tougher Cyber-Security Rules for Key Sectors, Including Financial Services

EU countries and lawmakers agreed on Friday to tougher cyber-security rules for large energy, transport and financial firms, digital providers and medical device makers amid concerns about cyber attacks by state actors and other malicious players. The European Commission two …

EU Proposes Cyber-Security Rules for EU Institutions Amid Rising Cyber Attack Worries

EU countries should put in place a framework to manage cyber-security risks at EU institutions, the European Commission said on Tuesday, amid concerns about rising cyber attacks that could disrupt key activities and steal sensitive information. The proposal is part …