The significance of cybersecurity lies in the fact that cyberattacks have the capacity to cause extensive and pervasive damage. To address this issue, the EU and US governments are creating new laws and regulations that will affect many organizations and businesses. These regulations mandate essential entities to take necessary steps to manage cybersecurity risks and prevent or reduce the impact of incidents on their services and customers.
These new regulations include guidelines for ensuring supply chain security, as well as ensuring security in the acquisition, development, and maintenance of network and information systems. This encompasses the proper handling and disclosure of vulnerabilities to ensure the safety and security of these systems throughout their entire lifecycle.