financetom
Technology
financetom
/
Technology
/
EU cybersecurity label should not discriminate against Big Tech, European groups say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EU cybersecurity label should not discriminate against Big Tech, European groups say
Jun 16, 2024 9:37 PM

BRUSSELS (Reuters) - A proposed cybersecurity certification scheme (EUCS) for cloud services should not discriminate against Amazon ( AMZN ), Alphabet's Google and Microsoft ( MSFT ), 26 industry groups across Europe warned on Monday.

The European Commission, EU cybersecurity agency ENISA and EU countries will meet on Tuesday to discuss the scheme which has undergone several changes since ENISA unveiled a draft in 2020.

The EUCS aims to help governments and companies pick a secure and trusted vendor for their cloud computing business. The global cloud computing industry generate billions of euros in yearly revenue, with double-digit growth expected.

A March version scrapped so-called sovereignty requirements from a previous proposal, which required U.S. tech giants to set up a joint venture or cooperate with an EU-based company to store and process customer data in the bloc in order to qualify for the highest level of the EU cybersecurity label.

"We believe that an inclusive and non-discriminatory EUCS that supports the free movement of cloud services in Europe will help our members prosper at home and abroad, contribute to Europe's digital ambitions, and strengthen its resilience and security," the groups said in a joint letter to EU countries.

"The removal of both ownership controls and Protection against Unlawful Access (PUA) / Immunity to Non-EU Law (INL) requirements ensures that cloud security improvements align with industry best practices and non-discriminatory principles," they said.

The groups said it was crucial that their members have access to a diverse range of resilient cloud technologies tailored to their specific needs to thrive in an increasingly competitive global market.

Signatories to the letter include the American Chamber of Commerce to the EU in the Czech Republic, Estonia, Finland, Italy, Norway, Romania and Spain, and the European Payment Institutions Federation.

Others which signed the letter include the Czech Confederation of Industry, Denmark's Dansk Industry, Germany's Bundesverband deutscher Banken, the Digital Poland Association, Irish business lobby group IBEC, the Netherlands' NL Digital and the Spanish Start-up Association.

EU cloud vendors such as such as Deutsche Telekom, Orange and Airbus have pushed for sovereignty requirements in the EUCS on fears that non-EU governments may get unlawful access to Europeans' data on the basis of their laws.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Autodesk forecasts upbeat annual revenue on steady design software demand
Autodesk forecasts upbeat annual revenue on steady design software demand
Feb 27, 2025
Feb 27 (Reuters) - Autodesk ( ADSK ) forecast annual revenue and profit above Wall Street estimates on Thursday, boosted by strong demand for its design and engineering software across industries such as construction and manufacturing. The company also said it would reduce its workforce by about 9%, representing roughly 1,350 employees, and laid out plans to invest more heavily...
Brazil's Totvs exits competitive process to buy StoneCo's Linx
Brazil's Totvs exits competitive process to buy StoneCo's Linx
Feb 27, 2025
SAO PAULO, Feb 27 (Reuters) - Brazilian software company Totvs said on Thursday it has decided to withdraw from the competitive process to buy StoneCo's ( STNE ) unit Linx, according to a securities filing. Totvs did not provide further details on the decision. ...
UK chip parts supplier Morgan Advanced flags revenue hit as trade tariff woes hit demand
UK chip parts supplier Morgan Advanced flags revenue hit as trade tariff woes hit demand
Feb 28, 2025
(Reuters) - Semiconductor parts supplier Morgan Advanced Materials on Friday forecast a drop in organic revenue this year due to uncertain demand, sparked, in part, by U.S. President Donald Trump's tariff threats. The company -- which has manufacturing plants in the U.S. as well as in Trump's key tariff targets of Mexico, Canada and China -- said it was prepared...
Belgium's Proximus to consider internal and external CEO candidates, earnings upbeat
Belgium's Proximus to consider internal and external CEO candidates, earnings upbeat
Feb 28, 2025
Feb 28 (Reuters) - Belgian telecoms group Proximus said on Friday it will consider internal and external candidates for its next CEO and that interim leadership will be decided by the board soon. Earlier this month, current head Guillaume Boutin unexpectedly announced his departure to join Vodafone ( VOD ) and lead its investments and strategy arm. The former phone...
Copyright 2023-2026 - www.financetom.com All Rights Reserved