In response to the European Union’s stringent new Network and Information Security Directive cybersecurity regulations (NIS2), Bitsight, a global cyber risk management firm, has announced significant investments to enhance its third-party risk management solutions in Europe. These investments aim to help businesses comply with the NIS2 Directive, which mandates stronger cybersecurity measures and improved risk management across digital supply chains, and manage exposure risk across the digital supply chain.
The NIS2 Directive represents a new wave of cybersecurity legislation, creating a complex regulatory environment that challenges many CISOs and security leaders. Bitsight’s Co-founder and Chief Innovation Officer, Stephen Boyer, emphasized that mitigating risk across the supply chain is critical for maintaining business continuity, not just for compliance. Bitsight’s solutions focus on delivering deeper risk insights to enhance supply chain transparency.
Boyer said in a company press release, “… forward-leaning risk and security leaders know that this is not a matter of mere compliance. Mitigating risk across the supply chain is critically important to the continuity of enterprise business operations. And when working in conjunction with our customers, this is what we do best.”
“Efficient Compliance”
Recognizing the challenges businesses face, Bitsight is introducing several new product enhancements and services to align with NIS2 guidelines. One of the key offerings is the NIS2 Cybersecurity Assessment, an automated supplier assessment designed to help EU organizations manage supply chain risk more efficiently. This assessment leverages Bitsight’s cyber risk data to provide greater transparency and accuracy in evaluating supplier risk and NIS2 adherence.
Additionally, Bitsight will launch NIS2 Professional Services to assist businesses in navigating the regulations. These services include a jumpstart program to help manage critical supplier assessments and new consultation services that use Bitsight data to detect issues and recommend actions.
Bitsight is also enhancing its Exposure Management for the digital supply chain. The enhancements will focus on improving the depth and breadth of discoverable assets within the supply chain and prioritizing critical supplier assets. These improvements will be integral to adhering to NIS2 requirements, particularly in communicating risk to vendors and accelerating vulnerability remediation.
With 80% of European businesses acknowledging the need to secure their supply chain against cyber risks, Bitsight’s strategic expansion and innovative solutions aim to streamline the path to compliance and strengthen supply chain security across Europe.
Source: Bitsight Deepens Investment in Europe; Unveils Product Roadmap to Help Businesses Navigate NIS2.