EU Warns of ‘United Response’ to Cyber-Attacks

The European Union warned Monday that a cyber-attack on any one member state could merit a response by all members of the bloc, amid growing fears of hackers holding governments to ransom.

Last month, WannaCry, a huge ransomware attack linked to North Korea, wreaked global havoc after crippling computer networks at companies and government agencies worldwide.

EU foreign ministers meeting in Luxembourg said the 28-nation bloc was “concerned by the increased ability and willingness of state and non-state actors to pursue their objectives through malicious cyber activities.”

EU Warns of 'United Response' to Cyber-Attacks

“Such activities may constitute wrongful acts under international law and could give rise to a joint EU response” which could include “restrictive measures” or sanctions, a statement said.

As well as the WannaCry attack, which demanded that victims pay to recover use of their computers, there have been increasing concerns about possible foreign intervention in core state activities such as elections.

It was a major theme in last year’s US presidential campaign, with Moscow accused of trying to swing the vote in favour of Donald Trump, and fears have been voiced over what might happen in German elections in September.

 

Honda fears sudden cut-off from EU customs union could cripple UK car supply chains

Britain’s departure from the European Union’s customs union would ramp up costs for small and medium-sized car part suppliers to such an extent that supply chains could seize up, a senior European executive at Honda said on Tuesday.

Ian Howells, Honda’s European senior vice president, told an autos conference that the company had discovered more complexity and cost as it delved further into the impact an exit from the customs union would have on the British car industry.

“Leaving the customs union will only imply extra costs to SMEs,” Howells said. “The administrative costs become prohibitive. Put very simply the supply chain will start to seize up with obvious impacts on our ability to manufacture vehicles efficiently.”

Honda

Honda builds around 8% of Britain’s 1.7 million cars at its Swindon plant in west England.

British Prime Minister Theresa May has proposed a clean break from the EU: leaving its single market, which enshrines free movement of people, goods, services and capital, and losing full access to the customs union in favour of a bespoke deal.