“Cyber-attacks can be more dangerous to the stability of democracies and economies than guns and tanks”, the EU Commission President Jean-Claude Juncker stated in 2017. Today, the adoption of the Cybersecurity Act is a key step towards further strenghtening the European Union’s posture in cyberspace.
On March 12, 2019 members of the European Parliament approved the Cybersecurity Act. It establishes an EU-wide certification scheme for products, processes and services to guarantee they meet common minimal EU cybersecurity requirements.
With the rapid development and wide application of Information and Communication Technology (ICT), it is urgent as well as challenging for all countries to mitigate threats, maintain stability and improve security in cyberspace. As one of the most advanced actors in the international digital world, the EU has made enormous efforts and achieved astonishing progress in this regard by establishing a comprehensive and systematic cyber strategy.
The Cybersecurity Act recently approved is just the last act (for now) in a flurry of policy and operations- level activities carried out in recent years by the European Commission, by agencies and in member states regarding cybersecurity. This high level of activity is based on several reasons. On the one hand, cyber threats have finally been recognized as a major hazard and something that will not go away if left alone, with numbers on the growth and financial impacts of “hard” cyber risks that continue to be staggering.
With approval by the European Parliament, which took place last March 12 with 586 votes in favor, 44 against and 36 abstentions, the long legislative process of the so-called Cybersecurity Act, which began in September 2017, is coming to its end. The approved text is now in the course of ratification by the Council, after which it will be published in the Official Gazette of the European Union.
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