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The European Commission building in Brussels, Belgium. Dursun Aydemir/Anadolu Agency/Getty Images

European Union MP Marietje Schaake proposed creating an EU-wide rule describing when governments must disclose security flaws to manufacturers. Governments often use these security flaws for surveillance.

Why it matters: There is no way to guarantee that only well-meaning governments use a vulnerability that a nation intends to use for surveillance. In a blog post Thursday announcing her intent to seek an EU standard for disclosure, Schaake noted, "We live in an age where vulnerabilities are leaked or sold by criminals to those with potentially geopolitical motives, and where certain governments are stockpiling vulnerabilities as offensive weapons."

The U.S. has such a rule, the Vulnerability Equities Process. The VEP was flung into the spotlight in 2017 when a massive global cyberattack used a leaked code believed to be written by the NSA to become more virulent. The Obama administration developed the VEP but kept it secret. A number of critics, including many in the tech industry, questioned whether the VEP was adequately representing citizen's cybersecurity interests.

  • The Trump administration quickly committed to increasing its transparency, and released a VEP charter in November that introduced an annual report to give a limited outline of VEP deliberations in the prior year.
  • Schaake cited the U.S. charter in her blog post to encourage her peers. "Last year the White House released its Vulnerabilities Equities Process, which provides some increased transparency around this process in the US. It is high time for us to do the same in Europe," she wrote.

Go deeper

Battle for the soul of a new web

Illustration: Aïda Amer/Axios

A well-funded and intensely motivated chunk of tech's hive mind is finding common cause in a vast new project: rebuilding the web on a foundation of cryptocurrency and blockchain tech. They call it "Web3."

The big picture: Developers, investors and early adopters imagine a future in which the technologies that enable Bitcoin and Ethereum will break up the concentrated power today's tech giants wield and usher in a golden age of individual empowerment and entrepreneurial freedom.

First look: Biden summons top CEOs on supply chain

Photo: Alex Wong/Getty Images

President Biden will meet Monday afternoon with CEOs of big retailers, grocers and consumer-products firms to send this message, according to the White House: Products will be on shelves for holiday shopping.

Zoom out: Black Friday sales rebounded from 2020.

Thanksgiving box office shows theaters have long road to recovery

Photo of Disney's "Encanto;" Credit: Disney

Box office ticket sales over the Thanksgiving holiday show that consumer confidence in moviegoing is slowly improving, but not enough to bring the struggling theater industry back to pre-pandemic levels anytime soon, if ever.

Why it matters: "We may have to temper expectations a bit" for next year, said Comscore senior media analyst Paul Dergarabedian.