Threat Landscape Overview

NIS 2 compliance for EU businesses: Meet cybersecurity requirements before the deadline (October 17)

Introduction

If you work as an essential/ critical entity in Europe, you’re likely familiar with the NIS 2 (Network and Information Security Directive 2) and its definitive cybersecurity requirements for businesses in the region. With the compliance deadline set for October 17, 2024, there’s no time to waste.

An EU-wide initiative to make the digital infrastructure cohesively secure and robust, NIS 2 comes into effect this year, creating high-level cybersecurity across the region. This comes as a defensive measure, giving the number of disruptive threats in the region almost doubled from the fourth quarter of 2023 to the first quarter of 2024.  To know more about the top threats targeting the EU, view Group-IB’s Hi-Tech Crime Trends 23/24 infographic for a clear overview.

Although NIS 2 compliance checks are critical for strengthening business-wide cybersecurity, their proper implementation and oversight require a clear strategy and well-defined process. Realistically, achieving NIS 2 compliance takes 12 months or more, depending on a business’s size and scale of operations. However, with less than three months left to adhere to NIS 2, businesses can leverage the expertise of compliance and audit professionals not just to become compliant on paper but to establish effective enterprise-wide measures.

Here, we provide all the details to help you navigate the requirements of the issued NIS 2 mandate — the new and improved successor to NIS. Learn if your business is obligated under NIS 2 and discover the steps to achieve compliance effectively.

This new mandate has more stringent financial and legal implications than its predecessor. Non-compliance could result in a fine of 10 million euros or 2% annual turnover, suspension of business activities, legal charges, and more. Ensure your business is not the one to bear the brunt of non-compliance.

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