Web-connected devices may have to meet new EU cybersecurity rules

Under the proposed EU rules, products will have to meet various cyber standards to receive an approval marking and be sold regionally. Open-source devices wouldn’t have to meet these rules unless they are marketed commercially. — Photo by charlesdeluvio on Unsplash

Providers of Internet-connected technology – from Apple iPhone software to baby monitors – will have to meet new cybersecurity requirements in the European Union or face fines and possibly have the product taken off the market, according to a draft proposal seen by Bloomberg.

New rules from the European Commission called the Cyber Resilience Act, set to become public next week, are aimed at improving the security of devices in the face of surging online attacks across the globe. Damages from software and hardware cybercrime amounted to roughly US$6 trillion (RM27 trillion) last year alone.