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Cyber threats are increasing in frequency and sophistication, making it crucial to take proactive measures to protect against them. Organizations should invest heavily in robust digital security measures, especially for critical services and infrastructure. This is why the European Union (EU) introduced the NIS2 directive – to establish core cybersecurity standards across sectors.
The NIS2 directive, which stands for network and information system, requires organizations in critical sectors to implement appropriate measures to mitigate cyber risks. Password managers are an effective tool for enhancing cybersecurity and ensuring compliance with frameworks like ISO/IEC 27001 and ISAE 3402. This article explores how password managers can improve cybersecurity and help organizations meet the password security requirements of the NIS2 directive and other relevant frameworks.
Understanding the NIS2 directive is essential for enhanced security. The State of Cybersecurity 2023 report by ISACA reveals concerning statistics, with only 11% of organizations experiencing a decrease in cyber attacks. With 38% seeing increased attacks and 31% seeing no change, NIS2 compliance is now more critical than ever.
The NIS2 directive builds upon previous cybersecurity measures in the EU, with the first steps taken in 2013 and the adoption of the NIS directive in 2016. The EU cybersecurity strategy for 2020-2025 identified the need for improved protection of critical entities, leading to the development of the NIS2 directive. It came into force in January 2023, requiring EU member states to adopt the necessary measures as national law within 21 months.
The NIS2 directive covers a wide range of sectors, including energy, health, transport, finance, food, and manufacturing, as they handle essential services and critical infrastructure. It outlines four overarching areas and 10 baseline security measures, with a focus on risk management, corporate accountability, reporting obligations, and business continuity. Failure to meet these obligations can result in significant fines and other penalties.
In addition to the NIS2 directive, organizations should also consider other relevant security compliance frameworks such as ISO/IEC 27001 and ISAE 3402. ISO/IEC 27001 focuses on information security management systems, while ISAE 3402 applies to service organizations and emphasizes control assurance.
Password managers play a strategic role in modern cybersecurity compliance. They help organizations meet the requirements of NIS2, ISO/IEC 27001, and ISAE 3402. Password managers facilitate secure authentication, enable multi-factor authentication and encryption, and offer features like activity monitoring and alerts for potential security incidents. They also assist in implementing strong password policies, regular password changes, and detailed auditing trails.
By complying with the NIS2 directive and leveraging password managers as part of their security strategy, organizations can benefit from automating time-consuming tasks, enhancing password hygiene, and improving overall cyber resilience.
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