"What Businesses Need to Know About the EU IoT Bill"

The Cyber Resilience Act is Europe's proposed legislation that will establish minimum cybersecurity standards for connected devices and require updates to products throughout their lifespan. This legislation will be a significant victory for consumers and their cybersecurity posture. However, implementing the changes calls for hardware and software makers to take action, and those not in compliance will be subject to severe penalties. The Cyber Resilience Act aims to protect consumers and businesses against insecure connected devices. This legislation requires setting cybersecurity measures for "products with digital elements." It goes far beyond the cybersecurity standards established by not-for-profits, such as the European Telecommunications Standards Institute (ETSI), and it will be enforced throughout Europe. The proposal's main objectives are to improve the security of digital products, create a cohesive cybersecurity framework for hardware and software producers, bring transparency to security features, and more. This article continues to discuss the Cyber Resilience Act, some criticisms of the legislation, and what businesses should do now to prepare for the act's enforcement. 

Security Boulevard reports "What Businesses Need to Know About the EU IoT Bill"