Friday, January 11, 2013

Cybersecurity regulation: 5 issues for companies

Federal overnight of cybersecurity practices is coming

WASHINGTON (MarketWatch) — Hardly a day seems to go by without news of a cyber-attack or dire warnings about the vulnerability of our nation’s critical computer networks.
Most people believe that the government must do more to regulate cybersecurity practices, particularly in industries that own or operate “critical infrastructure,” that is, infrastructure that could cause significant disruptions or damage to our daily lives if subjected to a cyber attack.
The owners and operators of such infrastructure — for example, oil and gas pipelines, chemical refineries, transportation systems, financial institutions, hospitals, nuclear reactors, dams and agricultural infrastructure — will likely see more government oversight of their cybersecurity practices in the coming years.
What will such regulation look like? How will a company’s cybersecurity practices and the ways in which it documents and implements them be affected by the increasing government oversight headed our way?

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