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The European Union passed its first cyber security law on Monday.  This new law, the Network and Information Security Directive, focuses on the online marketplace and will require internet companies such as Amazon, Google, and eBay to report serious cyber breaches.

Andrus Ansip, the European Commission’s digital Chief, explains that these security and reporting obligations are critical because “the Internet knows no border – a problem in one country can have a knock-on effect in the rest of Europe. This is why we need E.U.-wide cyber-security solutions. This agreement is an important step in this direction.”

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