Companies face risk of huge fines and suspensions under tough new cyber rules in the EU

The EU's NIS 2, or Network and Information Security Directive 2, will on Oct. 17 become enforceable by member states.

The rules impose tougher requirements on companies around their internal cyber resilience strategy and internal practices.CNBC runs through all you need to know about NIS 2 — from what the law requires to the potential penalties businesses could face for violations.NIS 2, which stands for Network and Information Security Directive 2, is an EU directive that aims to increase the security of IT systems and networks across the bloc.

"NIS 2 will be seen as a global standard by judges" when it becomes enforceable, Van der Linden added."For our clients, regardless of whether they are seen as essential or important in the regulation, they have to look at that baseline and make sure they are compliant." Chris Gow, head of Cisco's EU public policy team, told CNBC that a"mapping exercise" will take place under NIS 2 where companies have to scan their tech vendors to evaluate any potential risks.

Firms can also face possible suspensions of service if they fail to comply with NIS 2, as well as closer supervision to see if they have become compliant. Cisco's Gow said that even without the threat of new regulation looming, businesses have been working hard to shift their culture internally to ensure that they're taking the threat of cyber breaches and outage incidents seriously.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔

These Companies Know the Key to Growth Is Maintaining Trust'We have to earn the right to be in that shopping basket,' Kellanova CEO Steve Cahillane told Newsweek. 'And we only do that if customers trust who we are.'
ذریعہ: Newsweek - 🏆 468. / 52 مزید پڑھ »

How Small Companies Can Offer Great Paid-Leave ProgramsWithout a national paid maternity leave policy, U.S. firms must decide whether to provide paid leave. But for small companies and start-ups, the decision isn’t so easy. With limited funds, offering the benefit can be a struggle, but increasingly, employees are choosing firms that offer the best leave options.
ذریعہ: HarvardBiz - 🏆 310. / 63 مزید پڑھ »

Why Companies Should Consolidate Tech Roles in the C-SuiteRecently, some organizations have begun to recognize the downside of C-level proliferation and decided to consolidate senior technology and data roles.
ذریعہ: HarvardBiz - 🏆 310. / 63 مزید پڑھ »

Why Companies Should Consolidate Tech Roles in the C-SuiteRecently, some organizations have begun to recognize the downside of C-level proliferation and decided to consolidate senior technology and data roles.
ذریعہ: HarvardBiz - 🏆 310. / 63 مزید پڑھ »

Global mining: Top companies to watch and mining roles in demandNo 1 source of global mining news and opinion
ذریعہ: mining - 🏆 449. / 53 مزید پڑھ »

Microsoft Secretly Selling AI to Fossil Fuel Companies While Bragging About Environmental ProgressScience and Technology News and Videos
ذریعہ: futurism - 🏆 85. / 68 مزید پڑھ »