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GOOG Jun 2025 140.000 put

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  • Reuters

    Japanese tech lobby warns against EU cybersecurity labelling scheme

    Lobby group Japan Association of New Economy has joined U.S. Big Tech to warn against proposed EU cybersecurity labelling rules that they said could hamper their access to the bloc's markets, according to a letter sent to the EU industry chief. The European Union wants to set up an EU certification scheme (EUCS) to vouch for the cybersecurity of cloud services and help governments and companies in the bloc to select a secure vendor for their business. A requirement that Amazon, Alphabet's Google, Microsoft and other non-EU cloud providers set up a joint venture with an EU-based company to qualify for the EU cybersecurity label has triggered criticism from some EU countries and foreign vendors.