TOKYO — Japanese tech companies like NEC and Mitsubishi Electric are struggling to keep up with cybersecurity regulations being enacted in the European Union, putting themselves at risk of being excluded from the market or hit with heavy fines.
The EU’s Cyber Resilience Act takes effect this month, designed to prevent products that fail to meet certain safety requirements from entering the European market. The act applies to Internet of Things (IoT) products and requires companies to consider cyber risks from the development stage.
