Shortly before leaving town for their holiday break, Congress passed the Cybersecurity Act of 2015 as part of the large end-of-year omnibus spending bill. This bipartisan, compromise legislation was born out of three separately passed bills that NMHC/NAA have long supported, as we’ve covered in the past.
The legislation encourages private companies to voluntarily share cyber threat information with the government and one another. It gives companies liability and antitrust protections for sharing the information. These liability protections are necessary to incentivize data sharing with the government.
President Obama signed the legislation soon after it was approved on the Hill. The Federal Government will begin the process of implementation over the next year.
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- Congress Looks to Add New Cyber Disclosure Rules for Companies
- Consumer Privacy and Data Security Issues Front-and-Center for Congress