As Apple, Microsoft Battle EU Regulations, This New Cybersecurity Rule Can Cost Companies Up To $10M If They Fail To Comply

The European Union’s NIS 2 cybersecurity directive, now enforceable, mandates companies to bolster their cybersecurity practices or face hefty fines. The regulation, which updates the previous National and Information Systems (NIS) directive, requires businesses to enhance risk management, transparency, and business continuity planning.

What Happened: The EU’s NIS 2 directive became enforceable on Thursday. Despite the enforcement deadline, many EU countries have not yet incorporated it into their national laws, potentially leading to inconsistent enforcement, CNBC reported on Thursday.

Portugal and Bulgaria have not started this process, as reported by the DNS Research Federation. Tim Wright from Fladgate emphasized that the regulation’s success hinges on uniform implementation across the EU.

The directive applies to essential service providers, including banks and healthcare ...

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