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CONGRESS, FEDS MAKE MOVES ON RANSOMWARE ATTACKS, but a clear fix for the expensive cybercrime epidemic is far from clear. The Senate Homeland Security Committee took a step forward on Wednesday, advancing a bill that would require hospitals and oil and natural-gas pipeline companies, among other critical infrastructure operators, to report cyberattacks and ransom payments […]
The narrative I originally pitched this newsletter a year ago as a vehicle to discuss regulatory issues and the U.S. Congress’ approach to crypto in a more in-depth way than in a straight news article. Part of my thesis at the time was that I fully expected to see more regulatory interactions with the crypto […]
Sen. Elizabeth Warren is putting pressure on Capital One to answer questions about the recent data breach that affected more than 100 million of the bank’s customers. In a letter on Wednesday to Richard Fairbank, Capital One’s chief executive, the Massachusetts Democrat and 2020 presidential candidate requested information on how the breach was conducted and […]
House Homeland Security Committee Chairman Michael McCaul announced plans Wednesday to push for the creation of a new federal agency during the Trump administration that would consolidate the government’s disjoined cybersecurity efforts. He said the eventual launch of such an agency will be one of his highest priorities in 2017. via Influential Republican lawmaker proposes […]
House Intelligence Chairman Devin Nunes, R-Calif., Rep. Marsha Blackburn, R-Tenn., and Rep. Tom Marino, R-Pa., were recently added to Trump’s official White House transition team. Each lawmaker has helped steer cybersecurity-related legislation in the 114th Congress. via Trump adds congressional cybersecurity leadership to transition team — FedScoop
At a Monday speech, Sen. Sheldon Whitehouse (D-R.I.) proposed a creating a new “militia” charged with performing network security tests across the entire government. Currently, every government agency is in charge of its own security. Whitehouse told an audience at the Center for Strategic and International Studies in Washington there should be a centralized cybersecurity […]
Congress opened up an investigation Wednesday into how hackers tricked the Federal Reserve Bank of New York into handing over $81 million of the Bangladesh central bank’s money in one of the biggest cyber thefts ever. Rep. Lamar Smith (R-Texas), chair of the House Committee on Science, Space and Technology, sent a letter to New […]
The U.S. House of Representatives passed three cybersecurity bills Monday aimed at strengthening the federal government’s ability to prevent and respond to cyberattacks. The bills were passed by a voice vote, an action reserved for legislation with overwhelming support. They move on to the Senate. via U.S. House passes bills aimed at cybersecurity — The […]
The Senate Homeland Security and Government Affairs Committee has approved the National Cybersecurity and Communications Integration Center Act, in a bid to facilitate information sharing between the government and the private sector. via Senate Panel Advances Cybersecurity Bills — FEDweek
Senate lawmakers failed to pass cybersecurity legislation in 2012, and the bill drafted by Senate Intelligence Committee Chairwoman Dianne Feinstein, D-Calif., faces an uphill battle to break that trend. The Senate Intelligence Committee postponed a markup of Feinstein’s bill that would allow companies to share information about digital threats to help prevent cybersecurity attacks, so […]
Cybersecurity bills are normally looked at as being terrible for privacy. But a new one being considered by the Senate has a bonus—it’s still bad for privacy, but it could also kill whatever is left of net neutrality. Portions of the cybersecurity bill that the Senate is considering, which is modeled on CISPA, could be […]
Cybersecurity provisions emerged as a leading theme in the fiscal 2015 appropriations bill for the Commerce Department, Justice Department and science agencies. Projects designed to beef up security for government systems, target malefactors in cyberspace, conduct research and encourage the growth of cybersecurity professions and businesses all held their own. via Cybersecurity a top priority […]
A White House panel has called on Congress to bring in a US national standard for notifying consumers when their data has been hacked. There are a number of data breach state laws at present, but no overall federal law. via White House task force urges data breach standard — BBC News
The federal government sector has been abuzz lately with whispers and shouts about pending cybersecurity regulations, frameworks, and requirements. This attention is not particularly surprising, especially given the recent high-profile data breaches, the litigation threats surrounding those breaches, the recent identification of the encryption-disabling, consumer data threatening “Heartbleed SSL” OpenSSL vulnerability, and recent reports that […]
Congress is unlikely to approve legislation to safeguard U.S. entities from cyberthreats until an attack debilitates a corporate or government computer system, former Sen. Evan Bayh (D-Ind.) said April 3 at the American Bar Association Section of International Law 2014 Spring Meeting in New York. via Congress Won’t Approve Cybersecurity Law Until Attack Compels It […]