EU Cyber Resilience Act Requires 24-Hour Vulnerability Reporting
The EU Cyber Resilience Act mandates that manufacturers of products with digital elements must issue early warnings for actively exploited vulnerabilities within 24 hours. This requirement applies to commercial crypto wallets as they fall under the broader category of digital products. The initial reporting window is 24 hours, with more detailed follow-up information required later. The Act emphasizes that if a serious vulnerability is being exploited, regulators expect prompt reporting rather than waiting for a full technical investigation. This 24-hour warning requirement alters how engineering teams manage vulnerabilities, necessitating a process for rapid escalation to determine if the reporting threshold has been met. The law distinguishes between commercial and non-commercial open-source software, with different treatments for each. For crypto companies, this means that wallet security is increasingly regulated like ordinary software security, reflecting a shift in how Europe views the intersection of smart-contract risk, custody risk, and cybersecurity.
-- Price
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