Senators from the Senate Intelligence Committee yesterday introduced a draft of a bill meant to remove barriers for private companies to share data with Federal agencies. Senate Intelligence Chairman Dianne Feinstein and ranking member Saxby Chambliss have been working together for over a year to come up with a bill that they believe is both comprehensive enough to remove legal barriers to data sharing, while protecting against legitimate privacy concerns (by requiring the removal of PII and several other measures). The bill also protects companies who are willing to work with federal agencies from several liabity concerns. Data sharing is key to combatting a wide array of threat vectors because cybercriminals often repackage similar attacks to use on a new victim. Many of these threats coud be mitigated with access to data from previous attacks. The bill will move forward in committee this week and at some point, will likely need to reconcile with a House Cybersecurity bill. It will be interesting moving forward to see if the bill (or the combination of the two bills) is effective in its stated purpose; for as previously mentioned, information sharing is key to combatting cybersecurity threats. The fear is that inneffective measures will only delay processes to put effective measures in place. The hope that effective measures will be put in place. There are many different approaches to combatting cyberthreats, and more will still need to be done regardless of the bill's effectiveness. It will be interesting to see how the bill comes out of committee. Read early coverage on the bill here. View full text here.
Author: David Ader, June 18, 2014