New EU directive to require enormous cybersecurity investments

An upcoming revision of the EU's cybersecurity directive NIS2 heralds more rules for the security of network and information systems and company reporting across industries. However, experience shows that estimates might be too low, says the Danish Chamber of Commerce.

Photo: Thomas Borberg

Cybersecurity requirements, which are being debated in Brussels these months, could herald markedly higher encryption and cybersecurity expenses for many firms, including those in the life sciences industry, as evident in the European Commission's impact assessment of its revised cybersecurity directive proposal, the NIS2.

Were it only up to the Commission and members of the European Parliament, more companies – including, for instance, drugmakers – would face new rules pertaining to encryption and the reporting of cyberattacks, and more.

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