NEWSLETTER #2

The NIS 2 Directive enters our lives

It is several years since October has been pronounced as the chosen month dedicated to Cyber Security. This year, however, there is a solid cause and a distinguished circumstance for this: October the 18th was the set day for Member States to transpose the Directive 2022/2555 (Directive on measures for high common level of cybersecurity across the Union – NIS2) into their national law and apply necessary measures to be compliant to the provisioned cybersecurity rules, including supervisory and enforcement measures. In recent months, the entire cyber security ecosystem is engaged in an unprecedented race to ensure timely and effective preparedness. This article attempts a brief overview of the upcoming landscape. Of all the European Acts and laws, the NIS2 is the most iconic one. Its main objective is to achieve a high common level of cybersecurity across the European Union. To ensure this, the NIS2 is based on three pillars: Firstly, Member States have to deploy national capabilities. This includes the development of a national cyber security strategy, the appointment of national competent authorities to oversee its implementation along with a package of more comprehensive monitoring measures and administrative fines in case of non- compliance the establishment of a national cyber security incident response team to assist entities with incident response, the implementation of a national vulnerability disclosure policy and the deployment of a cyber crisis management framework.

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