📖 Your Q2 Earnings Guide: Discover the Stocks ProPicks AI Highlights to Jump Post-EarningsRead more

Airbus and Deutsche Telekom back tighter EU cybersecurity rules

EditorRachael Rajan
Published 2023-11-21, 03:00 p/m
© Reuters.
DTEGn
-
EADSY
-

European companies, including Airbus SE (OTC:EADSY) and Deutsche Telekom AG (ETR:DTEGn), have endorsed the European Union Agency for Cybersecurity's (ENISA) proposal for stricter cybersecurity regulations. The new rules aim to safeguard EU data from access by non-EU governments, with a particular focus on NATO exemptions. This move could have significant implications for US-based cloud service providers such as Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT), which are seeking voluntary certification to secure contracts within the EU.

The endorsement of stricter cybersecurity measures by major European corporations underscores the heightened concerns over data protection and privacy within the EU. These companies are advocating for a harmonized set of security standards across the EU, which they believe should be applied universally without exceptions for organizations like NATO. The push for tighter regulations is part of a broader effort to ensure that European data remains secure from external threats, including potential access by foreign governments.

The proposed rules could pose challenges for US cloud providers that operate in Europe. As they seek to obtain voluntary certification to continue serving their EU clients, these providers may need to adapt their operations to comply with the enhanced security requirements. The certification process is designed to demonstrate a company's commitment to protecting EU data, but with the recommended stricter guidelines, achieving this certification could become more complex.

This development is particularly relevant in the context of ongoing discussions about digital sovereignty and the control of critical data infrastructure. By supporting stronger cybersecurity regulations, European entities are signaling their commitment to maintaining control over their data and ensuring its protection against a wide array of cyber threats.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.