The EU is considering a plan to require Internet companies to report loss or theft of personal information. The New York Times reported that the new EU laws will apply to “enablers of Internet services, e-commerce platforms, Internet payment gateways, social networks, search engines, cloud computing services, application stores.” The report went on to describe the reason for considering the new laws:
Cybercrime has risen sharply in Europe. A series of high-profile hacking attacks on governments and businesses has galvanized European lawmakers to focus on the need to strengthen and harmonize existing laws, which vary widely across the Union and differ on the levels of disclosure required.
This news about the EU tackling Internet crime comes on the heels of my January 2013 eCommerce Times column entitled "2012’s Most Notable Computer Crimes" which I encourage you to read.