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EUROPEAN COMMISSION PROPOSES NEW CYBER SECURITY REGULATIONS




NEW CYBER AND INFORMATION SECURITY REGULATIONS HAVE BEEN PROPOSED BY THE
EUROPEAN COMMISSION TO CREATE A MINIMUM SET OF STANDARDS IN BOTH AREAS

Share this item with your network:

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By
 * Sebastian Klovig Skelton , Senior reporter

Published: 25 Mar 2022 17:29

The European Commission (EC) has proposed two new regulations to establish
common cyber and information security measures across the bloc, with the aim of
bolstering resilience and response capacity against a range of cyber threats.



Under the proposed cybersecurity regulation, which was published 22 March 2022,
all European Union (EU) institutions, bodies, offices, and agencies will be
required to have cyber security frameworks in place for governance, risk
management, and control.

They will also be required to conduct regular maturity assessments, implement
plans for improvement, and share any incident-related information with Computer
Emergency Response Team (CERT-EU) “without undue delay.”

The regulation would also establish a new inter-institutional Cybersecurity
Board to drive and monitor the implementation of the regulation. The new board
will further help to steer CERT-EU, which will also have its mandate extended to
fill the triple role of being an incident response coordination hub, a central
advisory body, and a service provider.

Under a separate Information Security Regulation proposal published the same
day, the EC is seeking to create a minimum set of security rules to both enhance
and standardise how EU public organisations protect themselves against evolving
threats to their information.

These rules will also provide for the secure exchange of information across the
EU by establishing common practices and measures to protect information flows,
including a shared approach to information categorisation based on the level of
confidentiality.

“In a connected environment, a single cyber security incident can affect an
entire organisation. This is why it is critical to build a strong shield against
cyber threats and incidents that could disturb our capacity to act,” said
Johannes Hahn, the EU’s budget and administration commissioner, in a statement.

“The regulations we are proposing today are a milestone in the EU cyber security
and information security landscape. They are based on reinforced cooperation and
mutual support among EU institutions, bodies, offices and agencies and on a
coordinated preparedness and response. This is a real EU collective endeavour.”

The EC has further claimed the changes are needed in the context of the Covid-19
pandemic and growing geopolitical challenges, and that the rules will strengthen
inter-institutional cooperation, minimise risk exposure and generally bolster
the EU’s security culture.

The proposals – which must now be discussed by the European Parliament and
Council - are in line with the EU’s Security Union Strategy, which was published
in December 2020 and intended to bolster the bloc’s collective resilience
against cyber threats.

According to a World Economic Forum (WEF) report from January 2022, cyber
security threats rank among the top risks facing the world, as threats such as
ransomware and nation-state-backed attacks proliferate and organisations become
more reliant on technology.

“With cyber threats now growing faster than our ability to eradicate them
permanently, it is clear that neither resilience nor governance are possible
without credible and sophisticated cyber risk management plans,” said Carolina
Klint, risk management leader for continental Europe at insurance broker and
risk specialist Marsh.

On 9 March 2022, European governments also drafted a declaration to reinforce
the EU’s cyber security capacities, which included increasing EU funding to
support national efforts and develop a strong cyber security ecosystem.

The additional funding is supposed  to help EU countries scale up their cyber
capabilities by helping to create a market for trusted providers, as well as
reinforcing the resilience of select operators that would be at risk during a
conflict.

The declaration also urged European authorities to come up with a series of
recommendations on how to reinforce the resilience of Europe’s digital
infrastructure.

In the UK, the government is also seeking to make a series of updates to the
2018 Network and Information Systems (NIS) regulations, which were initially
designed to protect the security of providers of critical national
infrastructure (CNI) - in this case, utilities, transport, healthcare and
communications – backed by multimillion-pound fines for non-compliance.

These regulations will be expanded in their scope to include managed service
providers (MSPs) and providers of specialised online and digital services,
including managed security services, workplace services, and general IT
outsourcing. The UK government launched a consultation for feedback on 19
January 2021.

READ MORE ABOUT CYBER SECURITY RULES AND REGULATIONS

 * US president Joe Biden signed new cyber security incident reporting mandates
   into law on Tuesday 15 March, making it a legal requirement for operators of
   critical national infrastructure (CNI) to disclose cyber attacks to the
   government
 * Germany’s Federal Office for Information Security has made a formal
   recommendation that Kaspersky users in Germany replace the supplier’s
   antivirus protection software with alternative products, but will not enact
   an outright ban on the Russian firm
 * DCMS opens a consultation on new regulations, and a draft code of practice,
   that will supposedly help communications services providers fulfil the legal
   duties imposed on them under the Telecommunications (Security) Act that
   became law in November 2021



READ MORE ON HACKERS AND CYBERCRIME PREVENTION

 * FINNISH GOVERNMENT STRENGTHENS COUNTRY’S IT NETWORK SECURITY
   
   

 * WHICH? ONLINE BANKING INVESTIGATION REVEALS ‘WORRYING GAPS’ IN SECURITY
   
   
   By: Karl Flinders

 * CALIFORNIA’S CCPA AN OPPORTUNITY FOR SECURITY INDUSTRY TO DO BETTER
   
   
   By: Alex Scroxton

 * GOVERNMENT SEEKS VIEWS ON POST-BREXIT SECURITY ALIGNMENT
   
   
   By: Alex Scroxton

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