Security Solutions
3 mins
As digital technology continues to evolve, the European Union stands as a global leader in digitally enabled services. However, the journey is filled with challenges, particularly in cybersecurity. Recent findings by the European Union Agency for Cybersecurity (ENISA) reveal that 37% of Operators of Essential Services and Digital Service Providers in the EU lack a Security Operations Center (SOC), signaling a critical gap in security infrastructure.
One of the key challenges is the insufficient investment in making digital services secure and reliable. Dedicated security spending as a proportion of IT has decreased from 7.7% to 6.7% between 2021 and 2022. Furthermore, EU organizations allocate, on average, 41% less to cybersecurity compared to their US counterparts. This underinvestment poses a significant threat to the security and resilience of digital services.
NIS2: A Beacon for Cybersecurity
Enter NIS2, the EU's answer to bolstering cybersecurity efforts. NIS2 encourages organizations to adopt appropriate and proportionate measures to manage risks to the security of networks and information systems. The World Economic Forum's Global Security Outlook Report for 2023 emphasizes the positive business impact of securing digital services, aligning with the goals of NIS2.
To address these challenges, organizations can leverage advanced cybersecurity solutions that align seamlessly with the recommendations laid out in NIS2. Article 21 mandates organizations to adopt technical, operational, and organizational measures to manage security risks. Leveraging innovative technology, including artificial intelligence, as recommended in Preamble 51, is at the core of these solutions. They offer advanced capabilities for the detection and prevention of cyberattacks, in line with the directive's emphasis on swiftly identifying and remedying vulnerabilities (Preamble 58).
A Comprehensive Overview: Navigating the Future
For a comprehensive overview of cybersecurity investments in the EU and an analysis of whether the funds are sufficient to meet the new cybersecurity standards, refer to the report by the ENISA: Cybersecurity Investments in the EU.
Organizations can navigate the digital security landscape with the right solutions to become global leaders in digitally enabled services confidence. The EU has the potential to seize opportunities, overcome challenges, and pave the way for a more secure and resilient digital future.
