US: US Cyber Week commences April 21st
Published 21 April 2015
US Cyber Week commenced on April 21st in the House of Representatives in which it was proposed that a number of cyber security bills would be moved including the National Cyber Security Protection Advancement Act (H.R. 1731) and the Protecting Cyber Networks Act (H.R. 1560). Both bills will be considered by the House, but will be considered separately and will be subject to stand-alone votes. It is expected that both Bills will be combined before being sent to the Senate for review.
The Bills will amend the Homeland Security Act of 2002 and "enhance multi-directional sharing of information related to cyber security risks and strengthen privacy and civil liberties protections”. The bills will also enable financial institutions to share cyber security information with other businesses and sectors. This will make businesses better prepared to protect themselves and consumers from cyber attacks.
During the Cyber Week the Department of Defense will release its latest cyber security strategy setting out the US's cyber security priorities.
Earlier this month President Obama issued an Executive Order which authorised sanctions against those persons engaged in or supporting malicious cyber activities. The US Cyber Week demonstrates a continuance of the US’s commitment to tackling cybercrime.
To view the proposed legislative amendments, please click here.
What action could be taken to manage risks that may arise from this development?
Companies should keep track of the bills and assess whether proposed changes impact their IT security policies and procedures.