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Do you operate in overseas markets or any of the following sectors; energy, transports, banking, health, digital infrastructure, public administration or space? Or are you part of a supply chain that does? If so, you need to be aware of NIS2 so this blog post is one for you.
It refers to the Network and Information Security Directive 2, a legislative framework adopted by the European Union (EU) to enhance cybersecurity across the EU. It is an update and expansion of the original NIS Directive, which was established in 2016.
NIS2 aims to address the evolving cyber threats and to improve the resilience of businesses in dealing with cyber threats.
NIS2 covers a wider range of sectors and services than the original NIS policy. It includes sectors such as energy, transport, banking, health, digital infrastructure, public administration, and space, among others. This expansion ensures that more critical entities are subject to cybersecurity requirements.
NIS2 sets more stringent cybersecurity measures and requirements for risk management, including requirements for technical and organizational measures to address cybersecurity risks.
Businesses covered by NIS2 must report significant cybersecurity incidents to the relevant national authorities. This aims to improve the EU's overall incident response capabilities and to facilitate better coordination and information sharing among member countries.
NIS2 introduces more robust supervisory and enforcement. Authorities are given greater powers to oversee and ensure compliance with the directive, including the ability to impose penalties for non-compliance.
NIS2 places greater emphasis on securing the supply chain, recognizing that vulnerabilities can be introduced through third-party suppliers and service providers.
The directive will increase cooperation and information sharing between member countries and relevant stakeholders, including through the establishment of the European Cyber Crises Liaison Organization Network (CyCLONe) to facilitate coordinated responses to large-scale cyber incidents.
NIS2 is relevant to you for several reasons, depending on your role and the context in which you operate:
Compliance Requirements: If you run or work for a company that operates in any of the sectors covered by NIS2 (such as energy, transport, health, banking, digital infrastructure, or public administration), you will need to comply with the new, stricter cybersecurity requirements. This might involve updating your security policies, implementing new security measures, and ensuring incident reporting processes are in place.
Supply Chain Considerations: Even if your business is not directly covered by NIS2, you may be part of the supply chain for a business that is. This means you might need to adhere to specific cybersecurity standards to maintain business relationships with your clients or partners who must comply with NIS2.
Increased Security Standards: The enhanced security measures enforced by NIS2 can lead to improved cybersecurity practices and awareness. This can help protect your data from cyber threats.
Incident Reporting and Response: The directive's focus on incident reporting and response can benefit you by ensuring that significant cybersecurity incidents are promptly addressed and mitigated, reducing potential disruptions and damages.
Awareness of Legal Obligations: If you are involved in legal, compliance, or regulatory roles, understanding NIS2 is crucial. It ensures you can guide your organization or clients in navigating the legal requirements and avoiding potential penalties for non-compliance.
NIS2 aims to achieve a higher level of cybersecurity across the EU in the face of growing cybersecurity threats crippling businesses and services.
It’s relevance to you depends upon the sector you work in, but it’s important to be mindful that even if you don’t directly operate in one of the affected sectors, you may be part of a supply chain of a business that does. Therefore, understanding of NIS2 is vital for most businesses across the UK and a vast number will need to become compliant to avoid penalties.
We are pleased to reassure all customers that all Pegasus solutions will be compliant for NIS2.
If you would like more information about NIS2 and its affect on your business then please contact us today.
Posted On: July 23, 2024
