The European Union agreed Monday to its first cybersecurity law, dubbed the Network and Information Security Directive, which mandates certain companies, like those operating critical infrastructure or financial services, along with Internet companies such as Amazon and Google, to report large-scale security incidents, Reuters reports. "The Internet knows no border—a problem in one country can have a knock-on effect in the rest of Europe,” said the European Commission’s Digital Chief, Andrus Ansip. “This is why we need EU-wide cybersecurity solutions. This agreement is an important step in this direction,” he added. “Member states will have to cooperate more on cybersecurity, which is even more important in light of the current security situation in Europe,” said European Parliament's Rapporteur Andreas Schwab in a Computer Weekly report.
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