Wolf Theiss insights: navigating NIS 2 obligations and management accountability

Two recent Bulgarian-language articles by Wolf Theiss lawyers examine the growing impact of the NIS 2 framework on businesses and management teams in Bulgaria. Published by Investor.bg,”Cybersecurity is part of the corporate management: the extensive scope of NIS2” by Anna Rizova and Nikola Naydenov analyses the extensive reach of the new regime, outlining which organisations fall within its scope, the governance and compliance requirements it introduces and why cybersecurity must now be treated as an integral component of corporate governance.

“The European Directive known as NIS2 and corporate liability about cyber risk“, published by Banker.bg and authored by Oleg Temnikov and Nikola Naydenov, examines the increasing accountability of senior management for cybersecurity, including governance obligations, potential sanctions for non-compliance and key steps organisations should take to prepare for incidents and regulatory scrutiny.

Together, the articles provide practical guidance on one of the most significant regulatory developments affecting cybersecurity and corporate governance, offering valuable insights for executives, in-house counsel and compliance professionals seeking to understand the implications of NIS 2 and strengthen their organisations’ readiness.

Wolf Theiss would also like to thank the editorial teams at Investor.bg and Banker.bg for their responsiveness and cooperation in publishing these contributions.