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EU proposes new cybercrime reporting rules EU proposes new cybercrime reporting rules
(35 minutes later)
  
Over 40,000 firms, including energy providers, banks and hospitals could be required to report cyber-break-ins under new rules proposed by the EU.Over 40,000 firms, including energy providers, banks and hospitals could be required to report cyber-break-ins under new rules proposed by the EU.
It is part of a move to intensify global efforts to fight cybercrime.It is part of a move to intensify global efforts to fight cybercrime.
Digital agenda commissioner Neelie Kroes said that Europe needed to improve how it dealt with cybersecurity.Digital agenda commissioner Neelie Kroes said that Europe needed to improve how it dealt with cybersecurity.
But firms are concerned that reporting online attacks and security breaches might damage their reputations.But firms are concerned that reporting online attacks and security breaches might damage their reputations.
Many breachesMany breaches
The EU is keen that member states share information about attacks and shore up their cyber-defences.The EU is keen that member states share information about attacks and shore up their cyber-defences.
Under the proposals, each country would have to appoint a Computer Emergency Response Team and create an authority to whom companies would report breaches.Under the proposals, each country would have to appoint a Computer Emergency Response Team and create an authority to whom companies would report breaches.
This new bodies would decide whether to make the breaches public and whether to fine companies. These new bodies would decide whether to make the breaches public and whether to fine companies.
Ms Kroes has long campaigned for tighter rules on cybercrime. Announcing the changes, Ms Kroes said: "Europe needs resilient networks and systems and failing to act would would impose significant costs on consumers, businesses and society."
"As the online world becomes a part of everything we do, securing that world is essential to ensuring a society that remains secure, prosperous and free," she said in a speech last month.
According to the EU, only one in four European companies has a regularly-reviewed, formal ICT security policy. Even among ICT companies, the figure is only one in two, it said.According to the EU, only one in four European companies has a regularly-reviewed, formal ICT security policy. Even among ICT companies, the figure is only one in two, it said.
A recent study by accountants PwC suggested that three quarters of UK small businesses, and 93% of large ones, had recently suffered a cybersecurity breach.A recent study by accountants PwC suggested that three quarters of UK small businesses, and 93% of large ones, had recently suffered a cybersecurity breach.