Germany submitted a draft EU NIS 2 transposition to the EU Commission in July 2024.

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Germany submitted a draft EU NIS 2 transposition to the EU Commission in July 2024. It’s a hefty document at 197 pages, highlighting the complexity of implementing NIS 2 across Germany, its CNI providers, covered technology providers and enshrines cyber/ IT security into its legal frameworks.

The Act estimates that on average cyberattacks have caused a total annual damage to businesses in Germany of around EUR 210.7 billion over the last three years. The draft estimates that the Act will reduce the effect of the damage of cyber-attacks by 50% across the effected 14,500 companies, saving the economy EUR 3.5 billion. With the effect to public administration being unquantifiable. One read the penalties section 65 with interest.

When one considers an equivalent effect across the remaining 26 EU member states. The EU in placing allot on EU NIS2 to deliver EU wide benefits for cybersecurity risk management.

@Thaddeus Dziekanowski Brian D. McCarthy Rachel V. Rose, JD, MBA Ryan Buckner Faisal Khan

Veritas GRC Senebria

#cybersecurity #cyberriskmanagement #cyberregulation #nis2

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Cyber Risk Management, Cybersecurity, Regulation & Compliance

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