NIS2 – Are you affected ?
NIS2 – Are you affected ?
What is NIS2?
NIS2 stands for the “Network and Information Systems Directive 2.” It’s the successor to NIS1, which was the first EU-wide legislation addressing cybersecurity. NIS2 aims to enhance the overall security posture of critical infrastructure and essential services across the European Union.
Importance of NIS2
Broader Scope: Unlike its predecessor, NIS2 casts a wider net. It applies not only to essential entities (those providing critical services like energy, transport, and healthcare) but also to important entities (such as financial institutions and telecommunications companies). Approximately 160,000 organizations fall under its purview.
Stringent Security Requirements: NIS2 introduces specific security requirements, covering areas like risk management, incident detection and response, and information security awareness and training.
Incident Reporting: Organizations are now obligated to report cybersecurity incidents to the authorities. This facilitates tracking threats and coordinating responses to major incidents.
Enforcement with Teeth: NIS2 means business. It imposes administrative fines of up to €10 million or 2% of an entity’s global turnover (whichever is higher) for essential entities. Important entities face slightly lower fines—€7 million or 1.4% of global turnover. These fines are in addition to any penalties under GDPR rules.
Key Requirements
Risk management
Organizations must implement robust risk management practices to identify and mitigate cybersecurity risks.
Corporate Accountability
Entities need to take ownership of their cybersecurity posture, ensuring compliance with NIS2 requirements.
Reporting Obligations
Incident reporting is mandatory. Organizations must promptly notify relevant authorities of any significant cybersecurity incidents.
Business Continuity
NIS2 emphasizes the need for continuity planning to ensure services remain available during and after cyber incidents
Contact Us Today To Get Compliant
What Business are affected ?
The Network and Information Security Directive 2 (NIS2) primarily affects operators of essential services (OES) and digital service providers (DSPs) within the European Union.
DSPs cover online marketplaces, online search engines, and cloud computing services. These businesses are required to implement appropriate security measures to protect their networks and information systems from cyber threats under NIS2 regulations.
Business sectors directly impacted by NIS2 are:
