EU’s Directive Drama: NIS2 and DORA Leave Countries in Compliance Chaos!
The European Commission is cracking the whip on eight countries for not transposing the NIS2 directive into local law. While some sectors are flourishing, others are stuck in the NIS360 risk zone. With potential fines looming, it’s time to play nice with Brussels—or face a financial spanking.
Hot Take:
Ah, the sweet symphony of regulatory chaos! Europe’s got itself in a pickle jar bigger than a GDPR fine, as countries fumble to transpose NIS2 into local laws. Meanwhile, the European Commission is wielding its regulatory baton like a hyperactive conductor. Stay tuned for the next episode of “As the Compliance World Turns.”
Key Points:
- Eight European countries are yet to transpose the NIS2 directive into domestic law, missing the October 17, 2024 deadline.
- The European Commission has already warned 19 members about delays, but eight remain delinquent.
- Six critical infrastructure sectors are facing compliance challenges under NIS2.
- DORA compliance is also lacking, with 96% of financial companies falling short.
- Non-compliance fines for both NIS2 and DORA can reach up to €10m or 2% of worldwide revenue.
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