The EU is also seeing increased momentum in the paradigm shift from “status quo cybersecurity thinking” to adopt holistic “Cyber Risk Management” practices along a requirement to produce evidence that parties are indeed implementing effective cyber risk management practices. Tamper-proof evidence showing that entities are properly implementing cyber risk management controls are becoming an imperative for regulatory compliance across the EU. Click “Read More” button below for further details.
Be-Prepared for Evidence-Based Compliance
As the compliance landscape continues to evolve, the EU has emerged as a leader in structured, evidence-based compliance programs. The transition from a prescriptive, checkbox-based model to a principled, outcome-driven approach has propelled Europe ahead of the U.S., requiring organizations to be more agile, risk-focused, and diligent in their compliance efforts.
The upcoming deadlines for CSRD, DORA in 2025, and the forthcoming EU AI Act (as just a few examples) will further cement Europe’s leadership in this space, as organizations must not only comply but also demonstrate evidence of compliance in a way that is both transparent and risk-based. For compliance professionals, this shift presents an opportunity to build more resilient and effective compliance programs, though it will require significant investment in tools, resources, and expertise to meet these new regulatory challenges.
As global regulatory environments become more intertwined, it is likely that the U.S. will also adopt more elements of evidence-based compliance, though for now, Europe leads the charge in this new era of compliance oversight. However, many firms in the U.S. and around the world have to respond to the broad reach and scope of the EU regulatory environment.
