Draft EU legislation, set to be unveiled next week, mandates IoT product makers to meet cybersecurity rules or face heavy fines of €15M or 2.5% of turnover (Javier Espinoza/Financial Times)

Javier Espinoza / Financial Times:
Draft EU legislation, set to be unveiled next week, mandates IoT product makers to meet cybersecurity rules or face heavy fines of €15M or 2.5% of turnover  —  Companies will face fines of €15mn or 2.5% of turnover if they do not comply with cyber security requirements