New EU Cybersecurity Law Forces Internet Firms to Adopt Stricter Security Measures

A new EU cybersecurity law is forcing internet firms, such as Google (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN), to adopt stricter security measures. Potentially, this includes reporting serious cyber security breaches to national authorities.
According to Reuters:

The so-called Network and Information Security Directive has been stuck in talks between member states and EU lawmakers because of disagreements over whether to include digital platforms such as search engines, social networks, e-commerce sites and cloud computing providers.
Members of the European Parliament want the law to only cover sectors they consider critical, such as energy, transport and finance.
But after months of negotiations, digital platforms will now fall under the law’s remit, albeit with less onerous security obligations, according to the document, which did not provide details of the obligations.

Click here to read the entire article on Reuters.