EC proposes cybersecurity legislation

Proposed legislation will require tech firms to report security breaches.

If the proposed legislation is passed the EU's 27 member states will be required to set up local cybersecurity agencies.   

Technology firms with access to users' data will be required to report security breaches to the local cybersecurity agency. The legislation will affect e-commerce companies, online platforms and social networks.

Source and more on this story from Computer Business Review