Commission Addresses Security Issues Of IoT Products With Proposal For New Cyber Resilience Regulation

Watches, cars, intercoms, lamps, industrial machinery or printers. As the "Internet of Things" (IoT) continues its triumphant rise, more and more devices are able to directly connect to the internet and thus offer a variety of new features. But this also comes with a downside, as it provides a potential gateway for criminals who may exploit security vulnerabilities in these smart devices and abuse them to infiltrate people's systems. Statistically, a ransomware attack happens somewhere in the world every 11 seconds, causing estimated costs of around EUR 20bln worldwide in 2021 alone.

To address these problems, the European Commission presented its proposal for a Cyber Resilience Regulation (COM/2022/454 final) on 15 September 2022, introducing harmonised cybersecurity requirements for manufacturers and developers of products with digital elements, regarding both software and hardware.