EU cyber security bill NIS2 hits compliance deadline

The European Union’s (EU) landmark cyber security bill NIS2 has now taken effect, requiring companies to comply with its regulations or face substantial fines. Under this directive, EU-based businesses operating in critical sectors such as energy, transport, water, financial services, and healthcare must implement strict cyber security measures and report serious cyber threats to authorities.

In addition to these critical sectors, IT vendors like search engines, cloud computing companies, and online retailers are also expected to adhere to the rules. EU member states must establish their own computer security incident response teams (CSIRT) and a national network and information systems authority if they have not already done so.

UK businesses serving EU-based customers must also comply with NIS2 requirements to continue operating within the EU. Failure to comply with the regulation’s cyber security risk management and reporting obligations could result in fines ranging from €7,000,000 to €10,000,000.

Experts emphasize the importance of creating centralized visibility and unified reporting across security platforms to meet NIS2 obligations. Companies must adapt to the new regulations, as NIS2 includes more specific definitions of who is accountable under the directive.

Article 21 of NIS2 highlights the need for robust cyber security measures to secure supply chains and enforce zero-trust access. Companies must have a solid identity security strategy in place to protect against threats and manage critical information effectively.

While some EU countries have integrated NIS2 into their national laws, others are still in the process. The effectiveness of NIS2 will depend on consistent implementation and enforcement across member states, with the ultimate goal of fostering a culture of cyber security rather than mere compliance.