RealNews

Industry May Favor FTC for Reporting Cyber-Security Plans

Corporate America is leery about filing cyber-security plans with the SEC because of its lack of expertise. Corporate America managed to thwart momentum this year for a law that would require public companies to report cyber-security plans to the Securities and Exchange Commission. Eager to mollify lawmakers who promised to bring the issue back up next year, the industry is now working toward a viable alternative. The most aggressive reporting proposal under way is a draft bill by Rep. Adam Putnam, R-Fla. The bill would require public companies to file cyber-security plans with the SEC. Companies are particularly leery of SEC involvement, however, fearing that the agency lacks cyber-security expertise and that reporting could be costly. Full Story

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.