President Obama announced this week his plans for initiating federal information security legislation in the hopes of strengthening the information sharing processes between the private sector and government entities. The proposal comes at a time when the world is seeing an exponential increase in the severity and frequency of cyber-attacks.

In an effort to protect consumers, businesses, government organizations, and everything in between, the President has released his proposal outlining suggested processes that would enable the sharing of cybersecurity information, modernize law enforcement’s ability to combat cyber-crime, and establish a portal for national data breach reporting.

If the proposed legislation does in fact become law, its requirements could affect how you manage and respond to cyber threats. These requirements include:

  • Complying with certain privacy restrictions to qualify for federal liability protection,
  • Sharing of cyber threat indicators with information sharing and analysis organizations via a portal in as close to real-time as possible, and
  • Informing consumers of data breaches within 30 days of discovering the breaches.

During the State of the Union address scheduled for Tuesday, January 20th, Obama is expected to provide more information on this and his other cyber initiatives. It is unclear at this point whether or not any of his initiatives will be signed into law. Until then, it is important to ensure your employees are aware of the various types of cyber threats that exist and are educated on how they can help reduce your company’s risks of attack. Visit the Cyber Threat section of your portal to learn more or contact your Client Services representative to find out ways to customize content to fit your company’s needs.

Marlia Fontaine-Weisse is the Content Manager for Preparis.