Kucoin EU Mandates 24-Hour Reporting for Crypto Wallet Vulnerabilities
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- •Manufacturers must report vulnerabilities within 24 hours under the Cyber Resilience Act.
- •Fines for non-compliance can reach €15 million or 2.5% of annual revenue.
- •The regulation applies to all products with digital elements in the EU market.
As of September 11, 2026, the EU's Cyber Resilience Act requires manufacturers of products with digital elements, including crypto wallets, to report actively exploited vulnerabilities and severe security incidents within 24 hours. This regulation aims to enhance consumer protection and cybersecurity across the EU market. Manufacturers must notify the designated Computer Security Incident Response Team (CSIRT) and the European Union Agency for Cybersecurity (ENISA) through a Single Reporting Platform. Failure to comply can result in fines up to €15 million or 2.5% of global annual revenue. Initial warnings must be followed by detailed reports within 72 hours, with final reports due within 14 days or one month, depending on the incident's severity. The regulation applies to all digital products available in the EU market, emphasizing the importance of timely communication in mitigating cyber threats.
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