TLDR:
- The EU is enacting two new cybersecurity regulations in 2024 – the Cyber Resilience Act and the NIS2 Directive.
- Companies are turning to solutions like SBOM, HBOM, and SiRoT to enhance visibility and trust in their systems.
As European regulators tighten cybersecurity regulations, companies are facing new challenges to comply with the EU Cyber Resilience Act (CRA) and the Network and Information Security 2 (NIS2) Directive. The CRA, set to come into force in 2024, will introduce mandatory cybersecurity requirements for hardware and software products. Non-compliance can result in fines of up to €15m or 2.5% of turnover. The NIS2 Directive, which came into force in 2023, requires companies in critical sectors to comply by October 2024. Companies must have measures in place such as business continuity plans and cybersecurity training.
Enhancing transparency and supply chain security is key to compliance, with frameworks like SBOM and HBOM offering detailed inventories of software and hardware components. The SiRoT technology, like OpenTitan, provides a secure execution environment and hardware-based security features. By incorporating SBOMs, HBOMs, and SiRoTs, organizations can mitigate cybersecurity risks and comply with regulations, demonstrating commitment to cybersecurity best practices.