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Europe Proposes New Laws and Regulations on Cybersecurity



by Jones Day - Cleveland Office

January 7, 2014

Previously published on January 2014

Government-sponsored cyber thieves, criminals, and political activists are regularly attacking websites, networks, computers, and email accounts of governments, corporations, and individuals worldwide. Across Europe, hackers have targeted NATO, government agencies, and corporate networks for years. In Belgium, the Czech Republic, Ireland, Portugal, and Romania, hackers attacked government computers with malware called “MiniDuke” that has also hit individuals in Germany, the UK, and elsewhere. In Germany, a cyber attack knocked a power utility company’s internet communications system offline for nearly a week. In the UK, the National Audit Office estimated in February 2013 that cyber crime cost the country between £18 billion and £27 billion in one year. Governments are beginning to take countermeasures, and regulatory trends are emerging.


 

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