Proposal requiring public companies to report their cybersecurity efforts may be on the way. As the U.S. Congress reconvenes this week after a month-long break, legislation imposing cybersecurity requirements on private industry, including a proposal that would require public companies to report their cybersecurity efforts, may be on the way. No bill has been introduced yet, but one proposal being considered would require companies to fill out a cybersecurity checklist in their filings with the U.S. Securities and Exchange Commission (SEC). Representative Adam Putnam, chairman of the House Government Reform Committee’s Subcommittee on Technology, Information Policy, Intergovernmental Relations and the Census, will consider introducing such a bill late this year, according to Bob Dix, the subcommittee’s staff director. While antispam legislation will continue to be the major technology focus in Congress this fall, Putnam’s subcommittee is looking at the “pluses and minuses” of a cybersecurity reporting requirement, similar to SEC accounting reporting requirements mandated in the Sarbanes-Oxley Act of 2002, Dix said. Full Story
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