Challenges and Opportunities of the EU Cyber Resilience Act

As cybercrime increases in frequency, regulators are requiring organizations worldwide to strengthen their cybersecurity measures and resilience postures. To that end, the European Union has proposed the Cyber Resilience Act (CRA), legislation that is designed to regulate cybersecurity across the EU’s 27 member states. The act will establish common cybersecurity standards for digital products or “products with digital elements” and implement security obligations across the EU’s connected hardware and software ecosystem. It also standardizes cybersecurity policies across the EU’s single market, enhancing collaboration and preparation against cyberthreats by imposing regulatory measures to help improve software and hardware safety for end users.