The highest-ranking Republicans of five Senate Committees introduced a bill today targeted at increasing the ability of companies to share cyber threat information and best practices with each other and with the government.
The Strengthening and Enhancing Cybersecurity by Using Research, Education, Information, and Technology Act or “SECURE IT” Act would allow for voluntary information sharing across the cyber community and protect information owners from liability stemming from those actions. The new bill would also help secure government networks, increase the penalties for cybercrime, and would prioritize cybersecurity research using existing government dollars.
The authors of the SECURE IT unveiled the bill at a press conference this morning. In each Senator’s remarks at the event consistent themes emerged: The goal of the legislation is to break down the existing barriers to information sharing without increasing the liability or regulatory burden on companies.
The NAM believes an effective and trusted partnership between the public and private sectors is the best way to reduce the cyber risk faced by manufacturers today. This can be accomplished by sharing information in a penalty-free environment and not adding to the regulatory burden when there are mechanisms that already exist to monitor and strengthen our networks.
We are pleased that an issue of such high importance to manufacturers is now center-stage in both the House and Senate legislative agenda. We encourage the leaders on Capitol Hill to work together and address this important issue to manufacturers.