Originally published on 31 Oct 2024
Last updated on 31 Oct 2024
Join Julia Apostle (Orrick) and Steve Millidge (Payara) to learn actionable steps for aligning your cyber resilience initiatives with future regulations and innovations, ensuring your organization is prepared to not only meet legal requirements but also drive sustainable, long-term security.
Speaker - Julia Apostle
At Orrick, Julia counsels on compliance issues in relation to European and French tech and data regulations, including the GDPR, the Digital Services Act, the regulation of AI, the Data Act and other new and emerging legislation impacting online platforms, technology developers, and eCommerce businesses. She advises companies of all sizes on a wide range of compliance matters, ranging the drafting of internal policies, to assisting with regulatory investigations, and product counseling.
What is the Purpose of the EU Cyber Resilience Act?
A key objective of the CRA is to ensure a common and high level of cybersecurity for connected products (“products connected directly or indirectly to another device or 1network” as per the EU Cyber Resilience Act definition) made available on the European market. This will be achieved
through the development and implementation of harmonized cybersecurity standards applicable to such products – throughout their lifecycle.
Are There Penalties for Non-Compliance?
Non-compliant companies can be fined $15 million or 2.5% of their global annual turnover – whichever is higher. Authorities may also intervene with orders to eliminate risk, restrict the product, or even issue a product recall.
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