EU lawmakers and member states struck a deal on the bloc’s first cyber-security law on Monday that will require Internet firms such as Google and Amazon to report serious breaches or face sanctions. The deal, following five hours of negotiations between the European Parliament and EU governments, was reached in response to increasing worries about cyber attacks resulting in security and privacy breaches. The European Commission’s digital chief, Andrus Ansip, said the new law would build up consumers’ trust in Internet services, especially cross-border services.
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ORIGINAL SOURCE: Reuters