US companies need to work together to improve their cybersecurity before a major cyberattack forces hasty legislation, the chairman of a cybersecurity-focused subcommittee has told IT industry leaders. Earlier this month, representative Adam Putnam, chairman of the House Committee on Government Reform’s Subcommittee on Technology, Information Policy Intergovernmental Relations and the Census, decided not to introduce a bill that would require public companies to report their cybersecurity initiatives to the US Securities and Exchange Commission. “A hell of a lot of negative feedback” over the proposed bill forced Putnam to reconsider the legislation. IT security experts objected to the proposal during a discussion on government’s role in cybersecurity sponsored by the Center for Strategic and International Studies in Washington DC. Full Story
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