New EU Cybersecurity Regulations: A Wake-Up Call for Businesses

The European Union's Network and Information Security Directive 2 (NIS 2) is set to become enforceable on October 17, bringing tougher cybersecurity regulations to the table. This new law aims to increase the security of IT systems and networks across the bloc, and it's a game-changer for businesses. Under NIS 2, companies will have to vet their digital supply chains for cyber threats and vulnerabilities, report and share information on cyber vulnerabilities and hacks with other companies, and implement robust internal cyber resilience strategies.The stakes are high, with companies facing massive potential fines and even suspensions of service if they fail to comply. But the benefits of compliance are just as significant. By meeting the baseline set by NIS 2, companies can protect themselves against claims, demonstrate a commitment to cybersecurity, and even gain a competitive advantage. Geert van der Linden, executive vice president of global cybersecurity services at Capgemini, likens the new regulations to taking out home insurance to protect against burglars. "Where do the burglars go? It's always the least protected house. They open every door to see where can they get in," he says. The same is true for companies looking to protect themselves from cyberattacks. By prioritizing cybersecurity, companies can avoid being the "least protected house" and minimize the risk of a devastating cyber breach.