Draft EU rules target smart devices with cybersecurity risks

BRUSSELS: Smart devices connected to the internet such as fridges and TVs will have to comply with tough European Union cybersecurity rules or risk being fined or banned from the bloc, according to a European Commission document seen by Reuters on Thursday.

Concerns about cybersecurity attacks have mounted in recent years following high-profile incidents of hackers damaging businesses and demanding huge ransoms.

The EU executive will announce its proposal known as the Cyber Resilience Act on Sept. 13. It is likely to become law following input from EU countries.