9 NIS2 Compliance Quick Wins for 2026

9 NIS2 Compliance Quick Wins for 2026

The landscape of cybersecurity in the European financial sector is rapidly evolving, with the proposed Directive on Network and Information Security 2 (NIS2) set to come into effect in 2026. Compliance officers, Chief Information Security Officers (CISOs), and risk managers at European financial institutions must be prepared to navigate the new requirements that this directive will introduce. In this article, we will outline nine practical and high-impact actions that can be implemented immediately to not only improve cybersecurity posture but also to meet the obligations set out in NIS2.

Understanding NIS2 Key Requirements

Before diving into the quick wins, it's crucial to understand the key requirements of NIS2. This directive builds upon the original NIS Directive, aiming to enhance the security of digital products, services, and processes across the European Union. The key concepts include:

1. Risk Management: Article 17 of NIS2 emphasizes the need for operators of essential services (OES) to implement appropriate technical and organizational measures to manage risks and protect against cyber threats effectively.

2. Incident Reporting: Under Article 13, OES must report relevant incidents to the competent authorities as quickly as possible, with a maximum delay of 72 hours from when they became aware of the incident.

3. Cooperation and Information Sharing: NIS2 encourages cooperation among OES, digital service providers (DSPs), and competent authorities to share threat intelligence and best practices in cybersecurity.

4. Certification Schemes: Article 11 introduces the concept of cybersecurity certification schemes to ensure the security of digital products, services, and processes.

Implementation Guide: 9 NIS2 Quick Wins

1. Conduct a Risk Assessment

Start with a comprehensive risk assessment to identify potential vulnerabilities and threats. This process should align with Article 17, which requires operators to take appropriate measures to manage risks. The assessment should cover all assets, systems, and processes that are critical to the operation of your financial institution.

2. Develop an Incident Response Plan

Create an incident response plan (IRP) that outlines the steps to be taken in the event of a cybersecurity incident. This plan should be reviewed and updated regularly to ensure it remains effective and complies with the reporting requirements under Article 13 of NIS2.

3. Implement Regular Security Audits

Regular security audits help identify weaknesses in your cybersecurity posture and ensure compliance with NIS2. Article 5 of NIS2 requires OES to take measures to prevent incidents and minimize their impact.

4. Enhance Information Sharing Mechanisms

Establish robust mechanisms for sharing cybersecurity information within your organization and with relevant authorities and other OES. This aligns with the cooperation and information-sharing principles outlined in NIS2.

5. Train Staff on Cybersecurity Best Practices

Educate your staff on the latest cybersecurity threats and best practices. Training should be an ongoing process, as Article 17 emphasizes the importance of awareness and training for all employees.

6. Update Security Policies and Procedures

Review and update your organization's security policies and procedures to reflect the latest cybersecurity threats and compliance requirements. This includes incorporating the principles of NIS2 into your policies.

7. Invest in Cybersecurity Technologies

Invest in advanced cybersecurity technologies, such as intrusion detection systems, firewalls, and encryption tools, to protect against threats and align with NIS2's requirements for technical and organizational measures.

8. Engage in Certification Schemes

Consider engaging in cybersecurity certification schemes as outlined in Article 11 of NIS2. Certification can help demonstrate compliance with the directive and enhance the security of your digital products, services, and processes.

9. Monitor and Review Compliance Regularly

Regularly monitor and review your organization's compliance with NIS2. This includes assessing the effectiveness of your risk management measures, incident response plan, and other cybersecurity controls.

Common Mistakes or Pitfalls to Avoid

1. Underestimating the Scope: NIS2 applies to a wide range of organizations and services. Ensure that your compliance efforts cover all relevant aspects of your operations.

2. Ignoring Timely Reporting: Failing to report incidents within the required timeframe can lead to penalties. Develop a process to ensure timely reporting in line with Article 13.

3. Neglecting Staff Training: Employee awareness is crucial in preventing and responding to cybersecurity incidents. Regular training sessions should be a priority.

4. Lack of Coordination: NIS2 encourages cooperation among various stakeholders. Ensure that your organization is actively participating in information sharing and collaboration efforts.

5. Overlooking Third-Party Risks: Third-party vendors and partners can introduce significant risks. Conduct thorough risk assessments and due diligence on all third parties.

How Matproof Helps

Matproof's compliance management platform provides a comprehensive solution for managing NIS2 compliance. Our platform offers tools for risk assessment, incident reporting, and security policy management, helping you stay on top of your obligations under NIS2. Additionally, Matproof's collaboration features facilitate information sharing with relevant authorities and other operators, ensuring you are well-equipped to meet the cooperation and information-sharing requirements of the directive.