EU wants to toughen cybersecurity rules for smart devices

The European Union’s executive arm has proposed new legislation that would force manufacturers to ensure devices connected to the internet meet cybersecurity standards, making the 27-nation bloc less vulnerable to attacks (Tero Vesalainen/Alamy/PA)

The European Union’s executive arm has proposed new legislation that would force manufacturers to ensure devices connected to the internet meet cybersecurity standards, making the 27-nation bloc less vulnerable to attacks.

The EU said a ransomware attack takes place every 11 seconds, and the global annual cost of cybercrime is estimated at 5.5 trillion euros (£4.8 trillion) in 2021.