NIS2, the European Union’s new directive, imposes more stringent requirements on the security of information systems; specifically demands heightened attention towards Identity and Access Management (IAM) frameworks. The directive recognizes that effective IAM frameworks are essential not only for ensuring secure access to digital resources but also for maintaining the integrity and confidentiality of network and information systems. Organizations are, therefore, urged to adopt advanced IAM solutions to meet the stringent requirements of the NIS2 Directive and ensure the resilience and security of their digital infrastructures. Moreover, organizations are compelled to amplify access restrictions and fortify user verification processes, incorporating tools like multi-factor authentication (MFA) and role-based access controls (RBAC). It is vital for enterprises to have agile risk management protocols, including the ability to revoke access, notify affected users, and recover from breaches.
The goal is simple: maintain and enhance the EU’s digital resiliency. But how does this affect companies and how can THEFENCE™ provide solutions for identity and access management challenges? Let’s take a closer look!
The Directive 2016/1148 of the European Parliament and Council aims to build cybersecurity capabilities across the entire EU, to mitigate threats to network and information systems used in critical sectors for the provision of essential services, and to ensure the continuity of these services during events. This contributes to the security of the EU and the efficient operation of its economy and society.
NIS2 replaces the previous NIS Directive, introducing new requirements for essential and digital service providers. Its aim is to ensure that critical infrastructures like financial institutions, energy networks (electricity, oil, gas), transport (air, rail, water, road), banking, financial market infrastructures, health sector and many other areas are digitally protected against modern challenges.
Consequences for non-compliance could invoke fines up to €10m or 2% of total global annual revenue for essential entities or up to €7m or 1.4% of total global annual revenue for important entities, whichever figure is higher.
Key Enhancements Introduced by NIS2
- Expanded Scope: NIS2 extends its applicability beyond the sectors covered by the earlier version of the directive. This means more industries, such as telecommunications, public administration, manufacturing, real estate, agriculture and food production will need to meet the directive’s rigorous cybersecurity standards.
- Stricter Reporting Obligations: NIS2 introduces enhanced incident reporting requirements, mandating quicker response times and more comprehensive data sharing.
- Harmonized Security Measures: With NIS2, member states are encouraged to adopt a harmonized approach to cybersecurity, ensuring a consistent level of security across the EU.
- Strengthened Supervisory Roles: National regulatory authorities will have increased powers to enforce and supervise the directive’s measures, ensuring better compliance.
- Accountability: The NIS2 Directive has implications for both CEOs and board members, as they are responsible for ensuring that their organizations meet the updated cybersecurity requirements and adopt the necessary security measures.
Where Does THEFENCE™ Come In?
- Reduce Risk of Human Error: One of the most common security vulnerabilities stems from human error. THEFENCE™’s scoring-based high privilege and segregation-of-duties (SoD) ruleset helps to identify, illuminate and manage risks before they emerge.
- Manage Operational Risks: To minimize NIS2 compliance efforts TheFence facilitate the recognition and remove those unnecessary/excessive privileges that pose a potential threat your operations. It allows companies to expand and customize the ruleset according to their unique characteristics, ensuring that operational risks are prioritized and kept in check.
- Handle Unnecessary Privileges with ease: With THEFENCE™, companies are able to recognize and remove those unnecessary/excessive privileges that pose a potential threat your operations.
The NIS2 Directive sets a new standard for digital trust. It is vital for companies to understand and apply these requirements. TheFence™ Access Risk Control software and its SaaS offering empower every organization to effortlessly safeguard all their digital identities through a comprehensive, automated procedure. Companies that act proactively and utilize appropriate tools like THEFENCE™ can mitigate identity-related regulatory risks, gain an advantage in the market and secure the digital safety of their clients and themselves.
If you’re seeking guidance on evaluating your organization’s existing strategy and addressing identity-related threats to fulfill NIS2 regulatory standards, contact our experts.