Following yet another massive data breach, this time targeting health insurer Anthem Inc, BI believes that it is time to develop a national cybersecurity strategy and there are signals that such a strategy is in the works.
The White House has announced the creation of the Cyber Threat Intelligence Integration Center and Senator Tom Carper (D-Del.) recently introduced the Cyber Threat Sharing Act of 2015, S. 456, aiming to remove barriers that inhibit information sharing.
According to BI, there are two critical components of a national cybersecuirty strategy. First, “the private sector and the federal government must be able to share cyber risk information. That means that private concerns must be provided all reasonable liability protections as they voluntarily share information about threats and countermeasures in real time.”
Secondly, we must create “a single national standard for reporting data breaches. Right now, myriad state laws set the standards. Given the nature of cyber crime, such a system is far from ideal.” Business Insurance has the whole story.