Europe boosts cybersecurity with new regulations and external support for companies

TLDR:

• The EU has implemented the NIS Directive and DORA regulations to enhance cybersecurity practices.
• Third-party assessments are crucial for businesses to comply with the regulations and protect against cyber threats.

The European Union has recently introduced two key regulatory frameworks, the Network and Information Security (NIS) Directive and the Digital Operational Resilience Act (DORA), to bolster cybersecurity measures across member states. These regulations aim to standardize cybersecurity best practices, address supply chain vulnerabilities, and improve incident reporting and management within businesses of all sizes. While these regulations are a crucial step forward in enhancing cybersecurity practices, industry experts emphasize the importance of third-party cybersecurity specialists to thoroughly assess and fortify businesses’ cybersecurity frameworks. This involvement of third-party experts is essential to minimize the risk of oversight, comply with regulatory standards, and ultimately reduce cybersecurity risks in an increasingly digital landscape. Overall, the new EU regulations signal a significant advancement in cybersecurity practices, but businesses must leverage third-party assessments and expertise to effectively safeguard their sensitive information and adhere to regulatory requirements.