The May 2024 draft version of the Cyber Resilience Act, explained 
(with info graphics !)

The Internet of Things (IoT) continues to revolutionize the way we live and work. From smart home devices to connected industrial equipment, IoT offers a world of convenience and efficiency. However, with this growing interconnectedness comes a heightened cyber risk landscape.

Enter the European Union’s Cyber Resilience Act (CRA), a proposed regulation aiming to strengthen security requirements for connected products. But what exactly does the CRA entail, and how will it impact businesses and consumers?

Infographic image explaining the core principles of the Cyber Resilience Act

 

The Core of the CRA

The CRA focuses on three key pillars:

  • Essential Requirements: Manufacturers must ensure their products meet essential cybersecurity requirements, encompassing aspects like secure coding practices, vulnerability management, and risk-based testing.
  • Harmonized Standards: The Act promotes the use of harmonized cybersecurity standards, providing a clear and consistent framework for compliance across the EU.
  • Market Surveillance: Regulatory authorities will have enhanced powers to oversee the market and take action against non-compliant products.

 

Expected Impacts

The CRA is anticipated to bring about several positive changes:

  • Increased Security: By setting stricter security benchmarks, the Act aims to significantly reduce the vulnerability of connected devices to cyberattacks.
  • Improved Transparency: Manufacturers will be required to provide clearer information about the security posture of their products, empowering consumers to make informed choices.
  • A Level Playing Field: The harmonized standards will ensure a fair and competitive market where security doesn’t take a backseat.

 

The Takeaway

The Cyber Resilience Act represents a significant leap forward in securing the IoT ecosystem. While navigating the new regulations might require adjustments for businesses, the long-term benefits of a more secure and trustworthy digital environment are undeniable. As consumers, we can expect greater transparency and peace of mind when using connected devices.

The CRA is a step in the right direction, paving the way for a future where innovation thrives alongside robust cybersecurity.

 

Join the Discussion:

Chat with i46’s CEO: Erel Rosenberg

Find out more information on the Cyber Resilience Act here

 

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