The Download - Taming the cyber storm whilst empowering European businesses to thrive

In this edition of ‘The Download’: Cybersecurity must be a top priority for the EU. As we digitalise our economy, it is vital that we keep governments, businesses and citizens safe online.

Legislation can be an essential part of that process, but it can harm our interests if not done well. It’s all about ensuring an effective and coherent implementation across the EU. Companies have been grappling with a complex web of new EU cybersecurity
legislation. In the past five years alone, the EU has put forward at least eight laws impacting cybersecurity.

Compliance costs for companies are estimated to be at least €60.2 billion. If we want businesses in Europe to build strong cybersecurity whilst remaining competitive,we must simplify and harmonise our cyber rules instead of creating more laws.

We call for a focus on implementing existing legislation, alignment with other regions, dedicated funding to support compliance and a more collaborative approach with industry.