04 Dec How Ready Is Your Business for the EU’s Cyber Resilience Act?
How Ready Is Your Business for the EU’s Cyber Resilience Act?
04 December 2024
The European Union’s Cyber Resilience Act (CRA) is a significant step toward improving cybersecurity for all digital products sold in the EU. Effective December 2027, the CRA ensures a standardized approach to cybersecurity across member states.
This regulation applies to existing and new products entering the market that undergo software updates or significant hardware changes. The CRA emphasizes the need for proactive cybersecurity throughout the product lifecycle, from design to deployment and beyond.
A Snapshot of Business Readiness
Recent insights from an NMi LinkedIn poll reveal varying levels of preparedness among businesses:
- Fully aware & proactive (47%): Nearly half are aligning their cybersecurity practices with CRA requirements, strengthening operations, and ensuring compliance readiness.
- Seeking more guidance (25%): Many businesses know the CRA but need more explicit guidance to implement necessary changes.
- Aware but unsure of impact (14%): Some businesses remain uncertain about how the CRA will affect their operations, signalling a need for targeted education.
- Informed and preparing (14%): A proactive approach is key as deadlines approach, ensuring readiness and reducing compliance risks.
These findings reveal varying levels of engagement and understanding across the industry, reinforcing the need for early preparation and clear, actionable strategies to ensure the timely adoption of CRA requirements.
Key Dates for CRA Implementation and Preparation Steps
With the CRA now published in the Official Journal of the EU, businesses should act promptly to align with its requirements, achieve compliance, and maintain market access.
Here are the key deadlines and steps to prepare:
- June 11, 2026: Rules for Conformity Assessment Bodies take effect
Preparation Steps Before Deadline:
– Review and enhance cybersecurity measures to meet CRA standards.
– Engage with conformity assessment bodies to understand the rules and how they will be enforced.
– Create a plan for ongoing compliance monitoring and updates - September 11, 2026: Active reporting to national authorities and ENISA of the exploited vulnerabilities and significant incidents begins
Preparation Steps Before Deadline:
– Establish or refine systems for incident detection and reporting.
– Train your team on reporting protocols and responsibilities.
– Continuously review and improve your incident response strategy. - December 11, 2027: Full Compliance with CRA is Mandatory for all products with digital elements sold in EU markets
Preparation Steps Before Deadline:
– Ensure all operations and products meet CRA requirements.
– Train staff on compliance procedures to ensure everyone is prepared.
– Submit final compliance documentation to the appropriate authorities.
Why the CRA Matters: Beyond Compliance
The CRA provides a robust framework to ensure the cybersecurity of digital products throughout their lifecycle. Compliance offers significant benefits, including:
- Building trust with customers by demonstrating a commitment to security.
- Reducing vulnerabilities against evolving cyber threats.
- Maintaining access to the EU market and safeguarding brand reputation.
How to Prepare Your Business for the CRA
To achieve compliance and maximize benefits, businesses should:
- Understand the CRA’s Requirements: Familiarize yourself with key provisions, including security features and reporting duties.
- Leverage Expert Guidance: Use tools like NMi’s Questionnaire for CRA Compliance to streamline your efforts.
- Integrate Cybersecurity Throughout the Product Lifecycle: Embed security measures from design to deployment.
- Educate Your Team: Equip staff with the knowledge and training to manage compliance effectively.
- Monitor Updates and Maintain Flexibility: Stay informed on regulatory changes and adapt as needed.
Let NMi Help You Navigate CRA Compliance
At NMi, we specialize in helping businesses navigate complex regulations like the CRA. Whether you’re just starting or refining your approach, we offer tailored assessments, practical insights, and ongoing support to help you achieve compliance and strengthen your cybersecurity.
Don’t wait until the deadlines are near—take action today. Contact NMi to learn how we can support your compliance journey and secure your place in the EU market.
Let’s talk. Reach out to our team today to get started!