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Senate Committee Passes Cyber Information Sharing Act

July 11, 2014

This week—during a closed session—the United States Senate Select Committee on Intelligence passed the Cyber Information Sharing Act. The CISA is a renewed effort by the federal government to regulate cybersecurity in the private sector. The bill aims to prevent cyberattacks, such as the recent high profile retail industry breaches, which compromise private consumer data and often result in the theft of confidential, proprietary trade secrets.

Here are the key points you should know about the bill if it moves forward in Congress:

  • Provides liability protection to the private sector to promote voluntary real time data sharing between companies and the federal government
  • Increases data sharing from the federal government to the private sector to give companies information that could aid them in investigating cyberattacks and further securing computer systems
  • Authorizes the private sector, with customer consent, to implement computer monitoring and other cyberattack countermeasures to deter cyberattacks

The CISA faces opposition from privacy groups, similar to that faced by the Cyber Intelligence Sharing and Protection Act, passed last year by the House. The next hurdle for the bill will be to pass the full Senate.

Dykema’s cybersecurity team is staying involved with—and closely tracking—cybersecurity developments. The team will continue to monitor the bill, and report updates and impacts to your organization.

For more information, please contact the authors of this article, Sherrie Farrell at (313) 568-6550 or sfarrell@dykema.com, and Susan Asam at (313) 568-5332 or sasam@dykema.com, any of the lawyers listed to the left, or your Dykema relationship attorney. 

As part of our service to you, we regularly compile short reports on new and interesting developments and the issues the developments raise. Please recognize that these reports do not constitute legal advice and that we do not attempt to cover all such developments. Rules of certain state supreme courts may consider this advertising and require us to advise you of such designation. Your comments are always welcome. © 2018 Dykema Gossett PLLC.