On December 8, the European Commission, Parliament and Council announced a new European-wide cybersecurity agreement. The Buckingham Research Group analyst Rohit Chopra has since taken a look at which companies will be impacted most by the new legislation and what their shareholders can expect.

The Deal

The overall intent of the new agreement is to improve cooperation and cybersecurity among EU countries. The legislation establishes minimum cybersecurity standards for essential services providers and requires them to report all cybersecurity incidents.

According to Chopra, the new legislation will likely require many large European organizations to beef up overall cybersecurity. “In our view, legal repercussion and enforcement are likely to coerce large organizations operating in Europe to enhance their cybersecurity capabilities,” Chopra explained.

Impact

The new agreement, if it becomes law, would go…

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