From: Lexology
Oksana I. Voynarovska and Yaroslava Zagoruiko | Vasil Kisil & Partners
During the last few decades the issue of cyber security has become a burning one for both public and private sector actors. The world is changing which leads to new cyber security challenges for companies and their management. New technologies and development of the “Internet of Things” (namely, the interconnection of various electronic devices) require proper regulations made by both governments and individual entities.
Governments around the world have started developing a legal basis for protection of cyber security. Almost all existing legal instruments and other documents are aimed at cooperation between countries in particular spheres of cyber-space protection. Namely, the recent European Union Network and Information Security (NIS) directive (1), which is in line with the Cybersecurity Strategy for the European Union and the European Agenda on Security, introduces a security obligations framework for regulation of cyber security of operators of essential services (e.g., energy, transport, health and finance) and of digital service providers (e.g., online marketplaces, search engines and cloud services). The Convention on Cybercrime (also known as the Budapest Convention) deals with cyber-attacks in the criminal law context. Consequently, international and national practice show that governments are focused on protection against the most serious cyber-attacks.
Leave a Reply