RealNews

Business Groups Oppose Putnam's Cyber Security Plan

Facing a new layer of regulation, business interests have halted legislation intended to protect computer systems from sabotage. Rep. Adam Putnam, chairman of a House technology subcommittee, planned to introduce a bill this week that was meant to reduce the risk of cyber attacks that could result in blackouts or the release of private financial information. The Bartow Republican, however, got a colder response than expected when he circulated the proposal to business groups last week. Putnam put the bill on ice Tuesday, saying the companies that opposed his approach have offered to work on another plan that would tighten security but involve less government oversight. He said some form of industry self-regulation could work and wants to explore the options. Full Story

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