Compliance Review: The European Union's Cyber Resilience Act was adopted by the Council of the EU.

?? Exciting News! ?? The European Union Council has officially adopted the Cyber Resilience Act (CRA), marking a significant step toward enhancing cybersecurity for digital products and services across the EU. ????

The CRA establishes robust cybersecurity requirements and holds businesses accountable, regardless of location, if they offer products or services within the EU market.

As this new legislation takes effect, all companies—whether based in Europe or globally—must understand the implications.

Protect Your Business and Customers

The European Union's Cyber Resilience Act (CRA) aims to enhance cybersecurity for digital products and services within the EU. Companies that are affected by the CRA—whether based in the EU or operating globally—must take proactive steps to ensure compliance and strengthen their cybersecurity posture.

Here’s an action plan and internal compliance steps for Your company:

1. Understand the CRA and Apply

- Review the CRA: Ensure that key stakeholders, including legal, compliance, and IT teams, thoroughly understand the Act’s requirements.

- Identify Applicability: Determine whether your products or services fall under the scope of the CRA.

2. Assess Current Cybersecurity Posture

- Conduct a Cybersecurity Audit with your InfoSec Team: Evaluate existing cybersecurity measures against the CRA requirements. Identify gaps and areas for improvement.

- Risk Assessment: Implement a risk assessment process to identify vulnerabilities and potential threats to products and services. Involve the Legal Team to review the legal risks.

3. Establish an Internal Compliance Working Group

- Form a Compliance Task Force/Working Group: Create a dedicated team responsible for overseeing CRA compliance and reporting progress to upper management (InfoSec, Legal, Operations..).

- Assign Roles and Responsibilities: Clearly define roles within the compliance team, including project management, legal, IT, and risk management.

4. Draft and implement Internal Policies and Procedures

- Create Policies: Draft policies that align with CRA requirements, including risk management, incident response, etc.

- Update Existing Policies: Revise existing policies to comply with new standards and integrate them into daily operations.

5. Train Your Teams

- Training: Develop and implement training programs for employees on CRA best practices and CRA compliance.

- Awareness Campaigns: Conduct ongoing awareness campaigns to keep security top-of-mind within your company.

6. Engage with Regulatory Bodies

- Establish Communication: Engage with relevant regulatory bodies to stay informed about compliance expectations and updates related to the CRA.

- Participate in Industry Forums: Join industry associations or forums that focus on CRA and compliance to share best practices and stay updated.

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Important to know

CRA Geographical Scope - Worldwide

The CRA applies to all companies that place digital products and services on the EU market, including those based outside the EU. If a non-EU company sells products or services to EU consumers or businesses, it must comply with the CRA.

- Scope of Compliance: Companies outside the EU that offer products or services to EU customers or operate within the EU must also comply with the CRA.

- Global Standards Alignment: Align internal cybersecurity practices with global standards (e.g., ISO 27001, NIST) to enhance overall security and compliance efforts.

- Legal and Regulatory Awareness: Stay informed about other regional regulations that may affect your operations (e.g., GDPR, CCPA) and integrate compliance efforts.

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Given the complexity of compliance, seeking legal advice is essential. Expert guidance can help navigate the intricacies of the CRA, ensuring that your organization is fully compliant and protected from potential risks and penalties.?

Let’s prioritize cybersecurity and embrace the CRA as an opportunity to strengthen our defenses! ???

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