President Obama is putting forward a legislative proposal that would enable cybersecurity information sharing in the private sector and between the private sector and government. And the proposal would also safeguard Americans’ personal privacy by requiring private entities to comply with certain privacy restrictions such as removing unnecessary personal information and taking measures to protect any personal information that must be shared in order to qualify for liability protection.
The proposal modernizes law enforcement authorities to combat cyber crime and ensure they have appropriate tools to investigate, disrupt, and prosecute cyber crime.
The Administration has also updated its proposal on security breach reporting, helping business and consumers by simplifying and standardizing the existing patchwork of 46 state laws (plus the District of Columbia and several territories) that contain these requirements into one federal statute, and putting in place a single clear and timely notice requirement to ensure that companies notify their employees and customers about security breaches.
The Department of Energy will provide $25 million in grants over the next five years to support a cybersecurity education consortium consisting of 13 HBCUs and two national labs — part of the President’s jobs-driven training initiative — which will help to fill the growing demand for skilled cyber security professionals in the U.S. job market.