Brussels, Agency. The European Union (EU) is now going to be even more strict regarding internet-connected smart devices and cyber security. The executive branch of the European Union proposed new legislation on Thursday. These rules will force manufacturers to ensure that Internet-connected devices meet cyber security standards. The 27 EU nations may be less vulnerable to these attacks due to cyber security threats.

The European Union said that a ransomware (cyber) attack occurs every 11 seconds around the world. The global annual cost of cybercrime is estimated to be 5.5 trillion euros in 2021. In Europe alone, cyber attacks cost between 180 and 290 billion euros each year, according to EU officials.

The European Commission said it saw an increase in cyberattacks during the coronavirus pandemic. Russia’s attack in Ukraine has raised concerns that European energy infrastructure could also be targeted in the midst of a global energy crisis.

The proposed legislation, known as the Cyber ​​Resilience Act, aims to remove all products containing digital elements from the EU market that are not adequately protected.

The EU’s executive commission said the legislation would not only reduce attacks but also benefit consumers as it would improve data and privacy protections

When it comes to cyber security, Europe is only as strong as the weakest link, said Thierry Breton, EU commissioner for the internal market, whether it is a vulnerable member state or an insecure product along the supply chain. Don’t be At the same time, he noted that computers, phones, home appliances, virtual aid devices, cars, toys… every single one of these millions of connected products is a potential entry point for a cyber attack. Breton said most hardware and software products are not currently subject to any cybersecurity obligations.

Edited By: Dhyanendra Singh Chauhan