Cybersecurity: 2015’s top legal developments and what they mean for key sectors

At the US federal level, 2015 ushered in significant new laws, regulations, and guidance on cybersecurity as lawmakers, regulators, and businesses continued their efforts to combat cybercrime − one of the most significant drains on the US economy and a source of potentially grave threats from nation states.

This alert provides a synopsis of these important developments.

CYBERSECURITY INFORMATION SHARING LEGISLATION

On December 18, President Barack Obama signed into law the omnibus appropriations and tax bill that included the Cybersecurity Act of 2015, the informally conferenced version of the cybersecurity information sharing bills passed by both the House and Senate earlier this year.¹  The Cybersecurity Act provides a paradigm for the sharing of information on cybersecurity threats and defensive measures among private sector entities and between the private sector and the government.  It also provides liability protection to private sector entities for sharing cybersecurity threat information and defensive measures with the government and other private sector entities.  Finally, it provides antitrust protection when information is shared only between private entities. For the full article click here 

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