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MSN/Reuters: Cybercrime and other acts of sabotage have cost German companies around 267 billion euros ($298 billion) in the past year, up 29% on the year before, according to a survey published.
Finextra: The European Central Bank says there is "room for improvement" after conducting its first thematic stress test on cyber resilience to determine how well individual banks would respond to and recover from, a cyber attack.
Yahoo Finance: A proposed cybersecurity certification scheme (EUCS) for cloud services should not discriminate against Amazon, Alphabet's Google and Microsoft, 26 industry groups across Europe warned.
MSN: The EU's top cybersecurity official has said there has been a "significant increase" in disruptive cyber attacks, many of which can be traced to Russia-backed groups, in recent months.
Yahoo Finance: Spanish bank Santander said some customer and employee data in a database hosted by an outside provider was accessed by an unauthorized party, but that the bank's own operations and systems have not been affected.
Yahoo Finance: National cybersecurity experts have shelved a vote on a draft EU cybersecurity label allowing Amazon, Alphabet's Google and Microsoft to bid for highly sensitive EU cloud computing contracts to May, people familiar with the matter said.
TechCrunch: Seven open source foundations are coming together to create common specifications and standards for Europe’s Cyber Resilience Act (CRA), regulation adopted by the European Parliament last month.
Euronews: Cybersecurity investments will have to be doubled under the next European Commission mandate in order to ensure the bloc’s resilience to counter attacks, a senior EU official said.
US News: Countries led by Britain, France and the United States and tech firms including Google, Microsoft and Meta signed a joint statement recognising the need for more action to tackle malicious use of cyber spying tools.
TechCrunch: While most of Europe was still knuckle deep in the holiday chocolate selection box late last month, ChatGPT maker OpenAI was busy firing out an email with details of an incoming update to its terms that looks intended to shrink its regulatory risk in the European Union.
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