Domestic companies that deviate from the EU cyber protection directive risk significant penalties
A couple of weeks and they will start registering the domestic companies covered by NIS2, i.e. the revised EU cyber protection directive, EY points out. Companies that do not prepare in time to deal with IT security incidents can be fined up to 2 percent of sales revenue, and they can even ban the managers of organizations that violate the rules from management.
In January of this year, the NIS2 directive entered into force, which the member states of the European Union must transpose into their own legal systems by 2024 in order to effectively combat the spectacularly growing cyber threats. The regulations apply to companies employing at least 50 people or with an annual turnover exceeding EUR 10 million, as well as to all organizations that perform an essential function for the economic and social development of the EU. Such critical sectors include energy, transport, healthcare, drinking water, waste water and communication services, outsourced ICT services, space research, and digital infrastructure. Postal and courier services, food production, processing and distribution, research, waste management, chemical production and distribution, and digital services were also among the priority activities.
Related news
EY: Private label products are in an explosive position
Persistent inflation burdens the budgets of households all over the…
Read more >EY supports female entrepreneurs in Hungary with a new program
EY is introducing a successful global initiative in Hungary.The goal…
Read more >NIS2 cybersecurity milestone: new challenges and fines await organizations
Although less than a month has passed since the NIS2…
Read more >Related news
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >