EU lawmakers and Member States reached agreement on the first law on cyber security on Monday.
The new law requires Internet businesses, such as Google και την Amazon να αναφέρουν σοβαρές παραfundamentals or face penalties.
The agreement was reached after five hours of talks between the European Parliament and EU governments, and comes in response to the growing concern about cyber attacks that have resulted in security breaches and privacy.
The head of the European Commission, Andrus Ansip, said the new law would build the confidence consumers in Internet services, in particular cross-border services.
"The internet knows no borders and a problem in one country can have multiplier effects Results in the rest of Europe. This is why we need cyber security solutions at EU level. This agreement is an important step in that direction.”, stated according to Reuters.
The new law, also known as the Network and Information Security Directive, sets security and reporting requirements for businesses in key areas such as transport, energy, health and finance.
Under the measure, Internet companies such as Google, Amazon, eBay and Cisco - but not social networks such as Facebook - should be required to report serious incidents to Authorities, which in turn will have the possibility of imposing sanctions on companies that fail to do so.
