Founder and CEO of Risk Cooperative and Business Council for American Security Chairman Dante Disparte, along with John Bugnacki, a research analyst at Country Risk Solutions, has written a new piece on cybersecurity and lack of protection for both public and private organizations.
According to the EU Agency for Network and Information Security (ENISA), current lapses of cybersecurity result in annual losses between €260 – €340 billion ($291 billion – $380 billion) worldwide. As the number of cyber-related incidents continue to increase, that number will only rise, as well.
Thankfully, after years of debate and negotiation, European officials are seeking to implement the first EU-wide cybersecurity rules: the Network and Information Security (NIS) Directive. At the same time, it remains to be seen whether the agreement’s proposed “stick” rather than “carrot”- driven approach will strike the right balance.
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