Last week (19-July-2024), a significant IT outage occurred because CrowdStrike distributed a faulty update to its Falcon security software running on millions of computers using the Microsoft Windows operating system. This faulty update caused many of these computers to crash, which interrupted the operations of businesses across the globe.

It’s time to ‘Have Your Say’ on the future of cybersecurity regulations in the European Union. The draft implementing regulation for the NIS2 Directive is now open for public feedback through the ‘Have Your Say’ portal until July 25, 2024. This consultation period allows stakeholders to contribute to refining the regulation, with all feedback shaping the final regulations.

As a crucial member of your law firm’s IT team, you hold the responsibility of safeguarding highly sensitive client information – financial records, personal data, and privileged communications. While you might not be managing cases, you’re protecting the very foundation of client trust. However, this trust faces significant risk. Last year alone, 29% of law firms experienced a security breach, with the average cost per breach soaring to $4.47 million.

Time is of the essence, as the transposition deadline for the NIS2 Directive approaches on October 17, 2024, organizations across the EU must brace for its significant impact. This new Directive, updating and expanding its predecessor (NIS1), will dramatically increase the number of regulated entities. According to Ireland’s National Cyber Security Centre, the number of regulated entities is expected to rise from about 120 under NIS1 to an estimated 3,500 under NIS2.