In advance of potential action from the White House and the new Congress on cybersecurity initiatives affecting the private sector, the Business Roundtable (BRT) Jan. 9 issued a report calling for nonregulatory cybersecurity policies.
Among other recommendations, the association that consists of the chief executive officers of leading U.S. companies urged the improvement of public-private collaboration on cybersecurity. However, the group cautioned against any efforts to regulate the cybersecurity practices of the private sector.
“BRT is concerned that these proposals would shift the nation's resources toward a static, compliance-based regime to address cybersecurity threats over a more dynamic information sharing and risk management solution,” the report said.
Cybersecurity is expected to be back on the congressional agenda this year, after the 112th Congress failed to reach agreement on legislation (11 PVLR 1680, 11/19/12).
A key area of contention over the cybersecurity bill (S. 3414) was language calling for voluntary cybersecurity standards for critical parts of the private sector. The Chamber of Commerce, which actively lobbied against the bill, argued that the proposed standards could easily translate into burdensome government regulations.
The White House is weighing the possibility of issuing an executive order on cybersecurity in light of congressional inaction thus far. A recently leaked draft executive order included language calling on federal regulatory agencies to determine whether cybersecurity requirements under current law are adequate (12 PVLR 31, 1/7/13).
The BRT argued in its report that information sharing between the government and the private sector is “the single most important element of an effective cybersecurity policy.” The group called for legislation that creates “robust, two-way information sharing, with appropriate legal and privacy protections.”
The report said the roundtable's chief executive officers are “committed to working with Congress and the administration to achieve solutions that provide the public and private sectors with the intelligence and tools necessary to collaboratively confront sophisticated cybersecurity risks.”
The Business Roundtable report, “More Intelligent, More Effective Cybersecurity Protection,” is available at http://businessroundtable.org/uploads/studies-reports/downloads/More_Intelligent_More_Effective_Pre-Publication.pdf.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)