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Government Pushes For Price Cap On Bottled Water

In a significant move to protect consumers, Cyprus President Nikos Christodoulides has advocated for a bill to impose price caps on bottled water at specific locations, including airports, ports, stadiums, and beaches. This intervention comes amid parliamentary discussions and concerns about the lack of a comprehensive study and consultation on the proposal. The bill aims to ensure bottled water is available at a regulated price in key areas, despite fears of potential unintended consequences. The decision on the bill’s urgency will be made in an upcoming parliamentary session.

Government’s Position and Legislative Process

The Cypriot government, led by President Christodoulides, is pushing for rapid adoption of this bill. The president highlighted the government’s ongoing efforts to safeguard consumer interests and improve living standards through various measures. However, the parliamentary committee has deferred the decision to a leaders’ meeting, reflecting the need for a thorough examination of the proposal.

Parliamentary Debate and Future Steps

Intense debates have unfolded in the parliamentary committee, with some members questioning the readiness and effectiveness of the proposed regulation. Energy Minister George Papanastasiou emphasized the necessity of the cap to protect consumers in monopolistic environments. The outcome of the leaders’ meeting will determine whether the bill will be fast-tracked for a vote or undergo further scrutiny in September.

This legislative push underscores the government’s commitment to consumer protection amidst broader economic considerations. For business professionals and consumers, the development of this bill highlights the balance between regulatory actions and market dynamics in Cyprus.

Passkeys Are The Gold Standard For Account Security. So Why Don’t More Major Apps Offer Them?

Passkeys are increasingly being promoted as one of the most effective ways to protect online accounts. By reducing reliance on passwords, they help prevent phishing attacks, simplify sign-ins and strengthen account security. Despite those advantages, however, many major digital platforms have yet to adopt the technology.

A Security Upgrade Still Missing At Scale

That gap is the focus of whynopasskeys.com, a new site created by security researcher Scott Helme to highlight companies that have not yet enabled passkeys for their users. The site tracks major consumer brands that continue to rely on older login methods even as passkeys become the industry standard.

Among the services still without passkey support are Instagram, Netflix and Spotify, according to the site’s data.

Why Passkeys Matter

Unlike traditional passwords, passkeys are generated on a user’s device and linked both to that device and to a specific website or application. Authentication can be completed through biometrics such as Face ID or Touch ID, a hardware security key or a password manager.

Because users do not need to create or remember passwords, opportunities for credential theft, phishing attacks and password reuse are significantly reduced. In most cases, gaining access to an account would require direct access to the user’s device.

Public Accountability As A Pressure Tactic

In a blog post explaining the project, Helme said the goal is to create pressure by making the absence of passkey support visible. “A list is a surprisingly effective motivator. Nobody wants to be on the list,” he wrote.

That approach has already worked elsewhere in cybersecurity: when businesses are publicly compared against peers on basic protections, they often move faster to close the gap. In this case, the list is intended to push platforms to give users a stronger and simpler login option.

The Companies Moving Faster

Many large technology companies have already adopted passkeys, including Apple, Google and Microsoft, reflecting the technology’s growing role in account security.

Implementation, however, remains uneven. Instagram users can currently access passkeys only when their account is linked to a Facebook account that already has passkey support enabled, highlighting differences in adoption even within the same company.

The Bigger Business Question

Meta has not publicly explained why passkeys are available on some of its platforms, including Facebook and WhatsApp, but not fully across Instagram.

Debate within the industry is no longer centred on whether passkeys work, but on how quickly companies are willing to deploy them. As phishing, credential theft and account fraud remain persistent cybersecurity challenges, passkeys are increasingly being viewed not as an optional feature but as an emerging security standard.

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