Breach notification window, accountability are focus of coming fight on cyber legislation in Congress

Battle lines are drawn in Congress over legislation that would require companies to report some cyber incidents to the federal government, with industry groups lining up to support a House of Representatives bill poised to create fewer challenges for business leaders than a similar proposal in the Senate. The debate involves questions about how quickly companies would have to report attacks, what kinds of specific intrusions would trigger notification and whether failure to comply with the rules would lead to financial penalties. The idea of breach notification legislation gained momentum following last year’s discovery of the SolarWinds hack that compromised nine federal agencies and some 100 companies, as well as the Colonial Pipeline ransomware attack in May. At issue are such questions as whether companies have 24 or 72 hours to report an incident, along with who would be on the hook outside of critical infrastructure owners and operators, if […]

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White House cyber summit with private sector nets impressive gains, but points to considerable work needed ahead

The White House summit Wednesday demonstrated positive momentum for both the Biden administration and private sector in terms of their approach to cybersecurity, but also laid bare what remains inadequate, cyber experts said. The high-profile meeting brought together CEOs from the education, energy, finance, insurance and tech sectors, featuring companies like Amazon, Bank of America and ConocoPhillips. Some pledged billions more in cyber investments, while others committed to providing training and smaller services in response to the administration’s “call to action.” While impressive, observers noted, those commitments will require considerable follow-up, from expansion to other sectors to policy changes that could emerge from closer-knit relationships between industry and government. Even as the nonprofit Global Cyber Alliance’s Megan Stifel commended the White House for holding the meeting and the broad commitments that the companies made, she said it illustrated the lengths to which the U.S. can improve national cybersecurity. “A couple […]

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Courts order handover of breach forensic reports in trend welcomed by consumers, feared by defendants

In the past year, three judges have ordered companies that suffered data breaches to hand over internal forensic reports on how the incident happened — a trend that could lend new insights into incidents where consumers’ personal data is exposed, at the expense of companies that want to keep that information to themselves.  In July, a judge ordered the Rutter’s convenience store chain to deliver a forensic report on its data breach to attorneys in a class action suit brought by store customers. It was the kind of decision that could shed light on whether the company neglected cyber defenses leading up to a breach that affected customer credit card data at roughly 70 stores over the course of nine months.   A judge ruled in May 2020 that Capital One would need to provide a forensic report to attorneys for customers who sued the bank over a 2019 incident in […]

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Senators Prod FCC to Act on SIM Swapping

Crooks have stolen tens of millions of dollars and other valuable commodities from thousands of consumers via “SIM swapping,” a particularly invasive form of fraud that involves tricking a target’s mobile carrier into transferring someone’s wireless service to a device they control. But the U.S. Federal Communications Commission (FCC), the entity responsible for overseeing wireless industry practices, has so far remained largely silent on the matter. Now, a cadre of Senate lawmakers is demanding to know what, if anything, the agency might be doing to track and combat SIM swapping. Continue reading Senators Prod FCC to Act on SIM Swapping