The Missing Links:
Direct from the Homeland Security Today website:
"Here's something: Turns out that secrecy/privacy is one of the perks that YOU can't afford. For the rest of there's Cybersecurity. And Wall Street still hates it.
Why?
Because it's run by the 'guv'mint'
"The Cybersecurity Act (S. 3414) no longer provides the Department of Homeland Security (DHS) with the authority to set and regulate standards for cybersecurity protection among companies designated as owning critical infrastructure. Instead, an interagency council would enact standards set by an industry group, and those standards would be voluntary.
And business still doesn't like the bill.
A pair of letters dated Wednesday from the US Chamber of Commerce and the Internet Security Alliance (ISA) lay out the private sector's objections to the legislation, which received clearance Thursday to move ahead for debate in the Senate.
R. Bruce Josten, executive vice president of government affairs at the US Chamber, pointed out that the bill would still require mandatory measures and third-party auditors while doing too little to protect proprietary information. And furthermore, DHS is still involved, much to the Chamber's chagrin.
The bill would introduce a government-managed process for setting up cybersecurity standards, which would only serve to saddle participating companies with more government obligations, Josten said. Under the bill, the government would have too much authority to change the cybersecurity standards, making them less "flexible" and more "prescriptive" as companies implement them."
- KBOO