INSTITUTE FOR POLICY INNOVATION
Cybersecurity and electronic security breaches have routinely been in the headlines this year, even as cybersecurity legislation continues to stall on Capitol Hill. However, there is hope of the issue being seriously addressed this month, which also happens to be Cyber-Security Awareness Month. The leadership of the Senate Intelligence Committee has indicated that the Cybersecurity Information Sharing Act is set to come to the Senate floor for debate next week.
The proposal provides companies protection from anti-trust laws if they share information about cybersecurity threats with each other. The legislation also encourages the sharing of cyber-threat information between companies and government by protecting the companies from lawsuits by stockholders and customers. While this will not stop all attacks, it will provide for alerts to be sent when there is an attack so that others can take steps to protect themselves, hopefully resulting in fewer instances of consumer harm.
As became known earlier this year, a cyberattack against the federal Office of Personnel Management exposed the data of 21.5 million (and the fingerprints of 5.6 million) government workers, their family members and applicants for federal jobs. Hackers have also stolen data from the IRS about taxpayers, viewed sensitive information at the White House, and penetrated the State Department so egregiously that reports claim that federal law enforcement officials familiar with the incident say the State Department email intrusion is the worst cyberattack they’ve seen against a federal agency. For the full article click here
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