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Draft EU rules target smart devices with cybersecurity risks

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(Reuters) — Smart devices connected to the internet, such as refrigerators and televisions, will have to comply with strict European Union cybersecurity regulations or risk being fined or banned from the bloc, according to a European Commission document released Thursday by Reuters has been seen.

In recent years, concerns about cybersecurity attacks have increased following high-profile incidents of hackers damaging businesses and demanding huge ransoms.

The EU executive will announce its proposal known as the Cyber ​​Resilience Act on September 13. It will probably become law after input from EU countries.

Manufacturers will need to assess the cybersecurity risks of their products and take appropriate action to resolve issues, the document said.

The companies must notify EU cybersecurity agency ENISA of incidents within 24 hours once they become aware of issues and take action to address the issues.

Importers and distributors must check whether products comply with EU rules.

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