“Last week, the European Commission proposed new legislation to require major tech firms like Google and Facebook to report any security breaches to local cyber crime authorities or risk sanctions like fines.
The bill, which is currently being finalised, will force EU member states to establish local cybersecurity agencies to which tech companies, such as social networks, e-commerce firms and online platforms which have access to users’ data, as well as infrastructure and energy groups, will have to report any server issues and security breaches to.”
Source:Proposed EU cyber security law will require proactive network security
