Intelligent Fin.tech Issue 06 | Page 14

STRATEGIC SURVEILLANCE

TOWARDS THE NIS 2 DIRECTIVE : THE NEW FRONTIER OF CYBERSECURITY

PRESENTED BY

The NIS 2016 / 1148 Directive ‘ on the security of network and information systems ’ was the first practical tool to regulate aspects of cybersecurity for companies that provide services considered essential for the well-being of the economic and social system of the European Union member states .

The growing complexity and sophistication of cyber attacks has forced the legislator to update the NIS Directive with NIS 2 in order to foster collaboration among member states and extend protection to the entire ecosystem or supply chain of companies with critical infrastructure .
Furthermore , the changes brought by the sharp digital acceleration imposed by the COVID-19 pandemic has led the legislator to extend cybersecurity obligations to almost all businesses .
What should companies expect from the future approval and implementation of the NIS 2 Directive ?
The original NIS Directive forced a significant shift towards cybersecurity betterment , however the framework requires consistent review to reflect the changing threat landscape . As a result the NIS 2 has been released to align its expectations and recommendations .
In particular , the main innovation compared to the previous NIS legislation focus on strengthening collaboration among European law enforcement agencies in fighting cybercrime . �
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