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2024-09-20 05:10:05
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Bullet points of Companies face risk of huge fines and suspensions under tough new cyber rules in the EU

Bullet points of Companies face risk of huge fines and suspensions under tough new cyber rules in the EU
- NIS 2 aims to increase the security of IT systems and networks across the EU
- The directive applies to organizations that operate within the EU and provide essential services to consumers
- Companies must ensure their internal cyber resilience strategy and internal practices are up to scratch
- Firms can face massive fines and even suspensions of service if they fail to comply
- Companies must vet their digital supply chains for cyber threats and vulnerabilities
- Businesses will have a 'duty of care' to report and share information on cyber vulnerabilities and hacks with other companies
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