The Cyber Resilience Act (CRA), a groundbreaking piece of EU legislation, aims to bolster the cybersecurity of digital products. This new law, which imposes stringent requirements on manufacturers of IoT devices, is set to have a significant impact on the global IoT landscape. However, the question remains: how much will compliance with the CRA cost IoT manufacturers worldwide?

The CRA mandates that manufacturers implement a comprehensive set of measures to ensure the cybersecurity of their IoT products. These measures include:

• risk assessment,
• vulnerability management,
• secure design and development,
• secure updates,
• and incident response.

The exact cost of compliance with the CRA will vary depending on factors such as the size and complexity of the manufacturer’s IoT product portfolio, the manufacturer’s existing cybersecurity practices, the cost of implementing new tools and technologies, and the cost of training and education for employees. However, it is clear that compliance will require a significant investment for many IoT manufacturers.

Potential costs include hiring additional cybersecurity staff, investing in new cybersecurity tools and technologies, updating existing products to meet CRA requirements, developing and implementing new cybersecurity processes, and conducting regular cybersecurity audits and assessments.

The CRA is expected to have a significant impact on the global IoT market. Manufacturers who fail to comply with the law could face fines and other penalties. Additionally, non-compliance could damage a manufacturer’s reputation and lead to customer loss.

As a result, many IoT manufacturers are already taking steps to prepare for the CRA. This includes investing in cybersecurity tools and technologies, training employees on cybersecurity best practices, and developing new cybersecurity processes.

The Cyber Resilience Act represents a major regulatory challenge for global IoT manufacturers. While compliance will require a significant investment, the long-term benefits of enhanced cybersecurity are likely to outweigh the costs. 

i46: Your Partner in CRA Compliance

Are you an IoT manufacturer facing the daunting task of complying with the Cyber Resilience Act (CRA)? i46 offers a cost-effective solution that allows you to focus on your core business while ensuring regulatory compliance.

Our expert team can help you:

• Assess your current cybersecurity posture and identify gaps.
• Develop a tailored compliance strategy that aligns with your business objectives.
• Provide ongoing support to maintain compliance and address emerging threats.

By partnering with i46, you can:

• Reduce the risk of fines and penalties associated with non-compliance.
• Protect your brand reputation and customer trust.
• Gain a competitive edge in the market.

Don’t let CRA compliance become a burden. Contact i46 today to learn how we can help you achieve compliance efficiently and cost-effectively.