Cyber security is seen as an emerging threat as our world becomes further interconnected. Although this issue was first addressed by the European Union in 2013, a concrete framework was ultimately accepted in December 2015. The aim of this legislation is to provide a superior level of cyber security to all of the member states within Europe. This will be achieved through higher levels of cooperation, a greater sense of transparency and national capabilities that are required to meet at least minimal levels of protection. Let’s take a look at a few of the key points of this directive.
Risk Management Through Communication
This legislation hopes to combat issues of theft and cyber crime by fostering better levels of communication between the public and private sector (both nationally and internationally). However, one of the most interesting stipulations surrounds critical areas such as:
As many experts believe that these industries are particularly vulnerable, companies will be obliged to adopt appropriate risk management procedures in the event of an incident. Additionally, firms must now report any major events to the appropriate governmental bodies.
The Benefits of the Network and Information Security Directive
One of the primary intentions of this legislation is to provide consumers and citizens with greater levels of trust; particularly with the technologies that they utilise on a daily basis. This same notion of trust will enable governments to rely upon Internet-based communications. Finally, it is thought that the economy of the European Union will enjoy financial benefits as a result of higher levels of cross-border confidence. This also can provide a level “playing field” for businesses that hope to compete in what is being called the Digital Single Market.