New Cybercrime Reporting Rules for EU
The EU has proposed new rules be implemented to fight cybercrime across the region in an attempt to intensify global efforts. More than 40,000 firms will be required to follow the new rules if the law is passed, including banks, hospitals, and energy providers. Firms, however, are concerned that such reports will affect their reputations, as each member country would be required to appoint a Computer Emergency Response Team, as well as create an authority for countries to report their breaches. These new organizations would decide on publicizing cases and/or fining companies. Currently, only one in four European companies has a “regularly-reviewed, formal ICT security policy.” If passed, the new law is expected to dramatically reduce cybercrime across all firms and organizations involved. http://www.bbc.co.uk/news/technology-21366366
Fishing Reform for EU Backed by European Parliament
The European Parliament has voted for reforms and amendments to the controversial EU Common Fisheries Policy, with a final number of 502 votes to 137. Reforms include measures to protect endangered stocks and end the practice of throwing dead fish back into the sea. An estimated one quarter of total catches under the current quota system come from wasteful discards. Approximately 75% of Europe’s stocks are overfished, thus, this vote is considered a victorious historic moment for “citizen power.” Under the new proposals, the EU will move from the current method of bargaining over quotas, to one in which fishing is based upon the “maximum sustainable yield (MSY).” The MSY will ensure that each year the number of fish harvested will not exceed the number a stock can reproduce, thus effectively recovering depleted fish stocks by 2020.
Possible Deal Inching Close on EU Budget
Leaders of the EU are gradually moving towards securing a deal on the EU’s new seven-year 1 trillion Euros budget that will take place beginning on Thursday, February 7. The figures have revealed a substantial gap between pledged spending, and accurate estimates of what will most likely be spent. A previous summit in November reached no conclusion as member states could not come to an agreement on the numbers, and the fear now exists that Thursday’s two-day summit will also be a failure. Regardless of what the outcome will be, the result must gain the consent of the European Parliament before it will be passed. The big fight, however, seems to be concerned less with the headline figures, than the smaller claims for farm subsidies, structural funds for the poorest countries and regions, salaries, EU institutions infrastructure, and research investment aimed at spurring growth for individual countries across the region.