As Apple, Microsoft Battle EU Regulations, This New Cybersecurity Rule Can Cost Companies Up To $10M If They Fail To Comply
Portfolio Pulse from Pooja Rajkumari
The EU's NIS 2 cybersecurity directive is now enforceable, requiring companies to enhance cybersecurity or face fines up to $10M. This impacts major tech firms like Apple, Microsoft, Alphabet, Amazon, and Qualcomm, amid broader EU regulatory efforts.
October 17, 2024 | 1:02 pm
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Apple faces potential challenges due to the EU's NIS 2 directive, which requires enhanced cybersecurity measures or risks fines up to $10M.
Apple is directly impacted by the EU's NIS 2 directive, which mandates improved cybersecurity. Non-compliance could result in significant fines, potentially affecting Apple's operations and financials.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Amazon is affected by the EU's NIS 2 directive, which mandates enhanced cybersecurity or risks fines up to $10M.
Amazon, as a major tech company, is subject to the NIS 2 directive. The requirement for enhanced cybersecurity could lead to increased costs and potential fines.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Alphabet faces regulatory challenges with the EU's NIS 2 directive, requiring improved cybersecurity or risking fines up to $10M.
Alphabet is impacted by the NIS 2 directive, which requires improved cybersecurity. Non-compliance could lead to significant fines, affecting its operations and financials.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Microsoft is impacted by the EU's NIS 2 directive, requiring enhanced cybersecurity or facing fines up to $10M.
Microsoft, as a major tech company, is affected by the NIS 2 directive. The need for enhanced cybersecurity measures could lead to increased operational costs and potential fines.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Qualcomm faces potential regulatory challenges due to the EU's NIS 2 directive, requiring enhanced cybersecurity or risking fines up to $10M.
Qualcomm is impacted by the NIS 2 directive, which mandates improved cybersecurity. Non-compliance could result in fines, affecting its operations and financials.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70