EU's Cyber Resilience Act Takes Effect: Crypto Wallet Vulnerabilities Must Be Reported Within 24 Hours

Odaily: The EU's Cyber Resilience Act has taken effect. Cryptocurrency hardware and software wallet providers must submit an initial early warning within 24 hours after discovering actively exploited vulnerabilities or severe security flaws in their products, and submit a full notification within 72 hours.

Manufacturers must submit a final report within 14 days after corrective or mitigating measures become available; serious incidents must be reported within one month. Companies that violate the relevant regulations may face fines of up to €15 million or 2.5% of global annual turnover, whichever is higher; providing false, incomplete, or misleading information may result in fines of up to €5 million. (Cointelegraph)