Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

EU Digital Identity & Digital Euro

July 3, 2023
Reading Time: 2 mins read
in News

 

The European Union Council and the EU Parliament have reached a political agreement on a framework for a European Digital Identity, allowing citizens to securely access various private and public services using a single online ID. The proposal includes a provision for a “high assurance” digital wallet that can serve as a national electronic ID, with citizens able to sign up for it voluntarily and free of charge.

Lawmakers have also agreed to establish common technical architecture, security standards, and compliance with cybersecurity regulations for digital wallets across the EU.

This development brings the proposal closer to finalization, pending approval by the European Council, and sets a requirement for all EU nations to create digital identities for their citizens by 2024.

Croatian politician Romana Jerković, a supporter of the bill, expressed optimism that a final agreement on the comprehensive package is within reach, emphasizing that the primary objective of the legislation is to enhance the daily lives of EU citizens.

In parallel, the European Commission recently proposed the Digital Euro, a single currency to be accepted across the EU. While the commission stated that the Digital Euro would function similarly to a digital wallet, it remains unclear whether it will be integrated with the EU’s proposed digital wallet app.

The initiatives have faced criticism from lawmakers, with concerns raised by privacy experts about potential risks to citizens’ digital security.

Some lawmakers and experts argue that the removal of unique identifiers from the digital wallet addresses snooping risks but raises concerns about displacing online anonymity. German politician Patrick Breyer of the Pirate Party called for decentralized storage of citizens’ data to reduce the risk of hacks and identity theft.

Security expert Lukasz Olejnik cautioned about privacy and cybersecurity risks associated with managing extensive logs of payment data for the Digital Euro, emphasizing the absence of guarantees despite the commission’s claim that it will be safer than cryptocurrency.

Reference:
  • Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No 910/2014 as regards establishing a framework for a European Digital Identity
Tags: Cyber NewsCyber News 2023EuropeEuropean Digital IdentityEuropean UnionJuly 2023Vulnerabilities
ADVERTISEMENT

Related Posts

Interlock Ransomware Threat Alert

Altman Flags Looming AI Fraud Crisis

July 24, 2025
Interlock Ransomware Threat Alert

XSS Forum Admin Arrested in Kyiv

July 24, 2025
Interlock Ransomware Threat Alert

Google OSS Rebuild Exposes Malicious Code

July 24, 2025
UK Advances Plan to Report Ransomware Attack

UK Advances Plan to Report Ransomware Attack

July 23, 2025
UK Advances Plan to Report Ransomware Attack

Global Ransomware Attacks Drop 43% in Q2

July 23, 2025
UK Advances Plan to Report Ransomware Attack

Clorox Sues Cognizant Over 2023 Cyberattack

July 23, 2025

Latest Alerts

Interlock Ransomware Threat Alert

GitLab Patches Key Vulnerabilities

Backdoor Found in WP Plugins

Lumma Stealer Returns with New Tactics

npm Phishing Emails Target Developer Logins

MuddyWater Emerges Amid Iran-Israel Clash

Subscribe to our newsletter

    Latest Incidents

    Data Breach Affects 340K Jobseekers

    Hackers Use Ransomware on SharePoint Servers

    Beluga Vodka Ransomware Attack Reported

    Weak Password Triggers Ransomware Old Firm

    US Nuclear Agency Breached in MS Hack

    European Healthcare Network Breached

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial