Congressional commission mulls new private sector reporting requirements

The Cyberspace Solarium Commission, a bipartisan group tasked last year with devising a strategy for defending the U.S. against cyberattacks, is almost ready to reveal its proposals to the world. The commission’s final report, expected to be issued in March or April, may include new reporting requirements for the private sector that would incentivize better security practices, the commission’s co-chairs, Sen. Angus King, I-Maine, and Rep. Mike Gallagher, R-Wis., said Tuesday during a Council on Foreign Relations summit in Washington, D.C. While the final language is unclear, the report is expected to include a sweeping set of proposals ranging from an overhaul of congressional oversight on cybersecurity issues to an assessment of the Pentagon’s offensive and defensive readiness. Whether there’s broader appetite outside of the 14-member commission to implement the recommendations, however, remains to be seen. One idea the commission has entertained is convincing insurance companies to offer better rates to clients who follow specific guidelines meant … Continue reading Congressional commission mulls new private sector reporting requirements