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Welcome to HSF's November wrap up; our top picks for cyber-related news in the UK, EMEA and US. Our short summary and commentary is aimed at giving you the awareness and insights you need, with minimum time investment. Below you will find:
Developments in regulatory requirements and guidance;
In Germany, the Federal Minister of the Interior, Nancy Faeser, considered two amendments to the Constitution as part of an ambitious plan to strengthen cybersecurity across the nation. This followed from calls to strengthen cyber resilience for federal authorities, critical infrastructure and to modernise and expand cybersecurity architecture in Germany. Ms. Faeser noted that cybersecurity threats remained high. German authorities and businesses have been the target of cyberattacks since Russia's war in Ukraine. Disinformation, sabotage and espionage were also identified as critical issues. Read more
The NIS 2 Directive (Directive 2022/2555) on measures for a high common level of cyber security across the EU has now entered into force.Member states must now incorporate the provisions into their national law by October 2024. NIS 2 will replace its predecessor – NIS (Directive 2016/1148), which was the first cross-sector cyber security law in the EU.
NIS 2 has been necessary because the speed at which network and information systems have developed into a central feature of everyday life has led to greater interconnectedness, including in cross-border exchanges and, with this, has come an expansion of the cyber threat landscape. The number, magnitude, sophistication, frequency and impact of incidents are increasing, and can impede the pursuit of economic activities in the internal market, generating financial loss, undermining user confidence and causing major damage to the Union’s economy and society. Cyber security preparedness and effectiveness are therefore now more essential than ever to the proper functioning of the internal market; "adapted, coordinated and innovative responses" are required in all member states, says the EU. NIS was not implemented consistently across member states with, for example, some services being categorised as "essential" in some countries but not in others. Read more
The new EU standard contractual clauses (New EU SCCs) came into force on 27 September 2021 for the transfer of personal data from the EEA to third countries under the EU General Data Protection Regulation (EU 2016/679) (GDPR). The European Commission Implementing Decisions ((2001/497/EC) and (2010/87/EU)) which incorporated the previous standard contractual clauses (Old EU SCCs), were repealed on that day. Read more