Cyber criminals face new EU sanctions

Between January 2005 and June 2019, ID Theft Resource Centre reported 10,502 data breaches which equated to more than one billion records being exposed. Although each data breach is different, there’s no denying that the number of cyberattacks occurring both nationally and globally is increasing year on year.

Thanks to the new EU sanctions regime signed off in May of this year, cyber attackers could now face tougher consequences for their actions, including travel bans and asset freezes. Over the last two years, the UK has seen a significant increase in the scale and severity of malicious cyber activity. The UK, alongside a number of Member States, has been at the forefront of driving the new approach forward; the new regime and consequences make it clear that, as a nation, the UK will not tolerate cyber activity of this nature.

Cyberattacks falling within the scope of the new sanctions regime must be within the following criteria:
  • originate or are carried out from outside the EU
  • use infrastructure outside the EU
  • are carried out by persons or entities established or operating outside the EU
  • are carried out with the support of person or entities operating outside the EU

The new framework is comparable to the current US cyber-related sanctions and reflects a synchronisation between the UK, EU and US on the sanctions front.

Speaking about the new regime, former Foreign Secretary Jeremy Hunt said: “This is decisive action to deter future cyberattacks. For too long now, hostile actors have been threatening the EU’s security through disrupting critical infrastructure, attempts to undermine democracy and stealing commercial secrets and money running to billions of Euros. We must now look to impose travel bans and asset freezes against those we know have been responsible for this.”

“The UK and its allies have been unafraid to call out those who have conducted cyberattacks with the intent to damage and destroy our institutions and societies. But we have been clear that more must be done to deter future attacks by hostile state and non-state actors.”

At SIRE, we have partnered with Centrify because they focus on cyber security solutions that aid user security as well as the outside threats, whilst providing information for compliance and audit purposes. To find out how SIRE can help with your organisation’s cyber security, talk to us on 01344 758700 or email us on sales@sire.co.uk

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