According to Honeywell, global cybercrime is projected to cost the world $9.5 trillion in 2025. Breaches can lead to significant financial losses, damage to reputation, and exposure of confidential information. The EU legislation NIS2 aims at improving cybersecurity by expanding the scope and requirements of critical infrastructure and essential services needed to protect critical assets.
Honeywell offers a comprehensive cybersecurity strategy that starts with understanding attacker motives and risk scenarios. Whether on-premise or in the cloud, Honeywell’s architecture creates a robust environment for all OT networks.
The company has developed a robust system for considering security at the outset of product conception and during development, as well as responding to potential vulnerabilities in existing products. This system, Honeywell’s Secure Software Development Lifecycle (SSDLC) initiative, has evolved and grown even more robust over the past few years.
Honeywell takes product security seriously, with its products being put through a robust and comprehensive penetration testing regimen. In some cases, additional independent security testing is conducted. The criteria for this additional testing as well as which products or offerings are selected for this are closely held proprietary information.
It has a robust and comprehensive Secure Development Life Cycle (SDLC) based on best practices and industry standards that includes a number of criteria, which you can read more about, here.
About the Network and Information Security Directive 2 (NIS2)
This Directive (EU) 2022/2555 of the European Parliament and of the Council of 14 December 2022, measures for a high common level of cybersecurity across the Union, amending Regulation (EU) No 910/2014 and Directive (EU) 2018/1972, and repealing Directive (EU) 2016/1148 (NIS2 Directive).
The EU cybersecurity requirements introduced in 2016 by NIS Directive were updated and strengthened by the NIS2 Directive that came into force in 2023. In the light of increased digitalisation with growing cyber-attacks and an evolving overall cybersecurity threat landscape, EU has introduced more stringent supervisory measures with incident response capacities and stricter enforcement requirements by expanding them to new sectors and entities.
By 17 October 2024, all EU member countries must adopt and publish the measures necessary to comply with the NIS2 Directive and they shall apply those measures from 18 October 2024.
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