EU Cybersecurity Rules Increase Liability For Multinationals

By Allison Grande (December 8, 2015, 11:22 PM EST) -- European Union lawmakers and member states on Monday moved a step closer to enacting the bloc's first cybersecurity and breach reporting rules, expanding an already thorny patchwork of laws that multinational companies have to consider when implementing security and breach response plans, attorneys say.

Following more than two years of negotiations, the European Parliament and Council has reached a political consensus on the wording of a Network and Information Security Directive, which is poised to set out baseline cybersecurity and breach reporting obligations for both critical infrastructure operators such as banks and health care providers as well as digital service providers...

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