According to Smeeta Ramarathnam, Chief of Staff to SEC Commissioner Luis Aguilar, the SEC is currently engaging in a comprehensive re-work of its investor disclosure rules, including with respect to rules bearing on cybersecurity incident disclosure. The SEC, which is formally tasked with overseeing issues that concern market integrity and disclosure of material information, revealed […]
Search Results for: Cybersecurity Regulation
FCC Chairman Outlines Industry-Led “New Regulatory Paradigm” for Cybersecurity Leveraging NIST Framework
FCC Chairman Tom Wheeler made remarks on Thursday, June 12 at the American Enterprise Institute where he explained the FCC’s vision of how it will improve the communications sector’s cyber readiness. He announced a “new regulatory paradigm” where the FCC “relies on industry and the market first while preserving other options if that approach is […]
White House Announces Creation of “Voluntary Program” to Encourage Adoption of Cybersecurity Framework, Provides Incentives for Joining
In February, the Obama Administration issued an Executive Order designed to strengthen the cybersecurity of the United States’ critical infrastructure. As part of that Order, the Department of Commerce’s National Institute of Standards and Technology (“NIST”) was tasked with developing a cybersecurity framework (“Framework”). The Framework will seek to align critical infrastructure stakeholders’ practices and […]
House Intelligence Committee Approves Bipartisan Cybersecurity Legislation with Privacy and Civil Liberties Amendments
Yesterday afternoon the House Permanent Select Committee on Intelligence marked up H.R. 624, the Cyber Intelligence Sharing and Protection Act (CISPA), which was introduced in February. The bill passed the Committee by a vote of 18-2 after the approval of six amendments. Ranking Member Dutch Ruppersberger (D-MD) praised the “collaborative effort” on improving privacy and civil liberties, while Chairman Mike […]
U.S. Senator Sends Cybersecurity Inquiry Letter to American Businesses as White House Executive Order Nears Completion
Chief executives of each of the Fortune 500 companies will soon receive a letter from Senator John D. Rockefeller IV (D-W.Va.) asking them to describe how their companies address computer network security, or “cybersecurity.” In the letter, Senator Rockefeller explains that he is addressing Fortune 500 companies directly because of the recent stalling of the Cybersecurity Act […]