Compliance » A Close Look At The New Cybersecurity Act

A Close Look At The New Cybersecurity Act

January 13, 2016

The federal omnibus spending and tax bill that President Obama signed into law on December 18 includes the Cybersecurity Act of 2015. It’s a long piece of legislation, but this post from Morrison & Foerster points out that it’s Title I of that Act that is most relevant to companies, and it takes a close look at what  it says. Generally speaking, Title I authorizes companies to do three things: share cyber threat information with other companies and the federal government; monitor their information systems for cyber threats; and conduct defensive measures to protect their information systems from cyber threats. Importantly it also includes provisions that are intended to remove obstacles that could cause companies to avoid these voluntary activities. These include protections from liability for sharing cyber threat information and monitoring information systems, as well as Freedom of Information Act, antitrust and other protections.

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