Do not invest more money than you can afford to lose.
The Senate passed a bill Tuesday aimed at improving cyber security by encouraging companies and the government to share information about threats. “The whole way that the Senate bill is structured is confusing as to what is allowed and what is not allowed and leaves it up to the agencies to interpret what’s allowed and what’s not allowed”.
“Congress has taken an important first step by passing information-sharing legislation, but there is more work to be done to protect against cyber- and physical threats”. It merely offers companies the option of sharing information on hacks with the government – and it gives them a green light to share their customers’ private information with the government without penalty. It is devised from the same framework, has the same privacy-breaching issues and is opposed by the same institutions that opposed CISPA. Participants can also gain access to classified and unclassified threat analysis from the federal government. “The NCPPA requires that personal data is only used for cybersecurity purposes”, Herold said.
Carson Sweet, CSO and chairman at CloudPassage Inc., wasn’t as optimistic that the reconciliation would lead to any “acceptable” cybersecurity legislation.
The bipartisan Cybersecurity Information Sharing Act, or CISA, passed with the 74 votes to 21. If Chrysler had just gone to NHTSA, to the National Highway Traffic Safety Administration, and given them that data from the start, NHTSA would not have been able to force a recall, which is what NHTSA ended up doing. Details on that conference, including who will be in attendance and whether the conference will be held on the House- or Senate-side, are not yet available but are expected to be resolved soon.
“They haven’t talked yet. Things can and I think will change as participants and the agencies become more aware of the dynamics and logistics at play here”, he said.
Five amendments to add more robust privacy protections to the bill were shot down, with bill co-sponsors Sen. Even now, they’re continuing to voice dissatisfaction as the bill moves to the House of Representatives for a final look. “That’s been demonstrated each time sharing legislation has been passed”. In other words, it allows tech companies to voluntarily share the private communications of their users with the government.
The controversial Cybersecurity Bill has been approved by the U.S. Senate despite the negative criticisms it had received. A similar, but identical, bill has passed the House. “But this bill is not the right approach, and I strongly believe there are better ways to fight cyber criminals while also protecting Americans’ privacy”.
U.S. President Barack Obama speaks at the Summit on Cybersecurity and Consumer Protection at Stanford University in Palo Alta, California February 13, 2015.
“The differences are still significant and in a few cases driven by other agendas, and it’s going to be extremely hard for them to be reconciled”, Sweet said.
In response to a question from Senator Collins at a recent open hearing of the Senate Select Committee on Intelligence, the Director of the National Security Agency, Admiral Rogers, said that on a scale of 1-10, the level of preparedness to protect our critical infrastructure from a cyber attack is at a “5 or 6”. Conversely, it’s much more likely that an in-house security team, one that essentially shares a common ownership to the data, will be willing to interact with the federal government.
