Regulators Implement Cybersecurity Information Sharing Act

February 17th, 2016

 Regulators Implement Cybersecurity Information Sharing Act

Recurring Theme:  Data Privacy

Summary Analysis: 

The Department of Homeland Security (DHS) partnered with the Department of Justice (DOJ) to roll out a key component of the Cybersecurity Information Sharing Act (CISA) this week.  The legislation, which was just signed into law in December, requires the regulators to publish guidelines for information sharing related to cybersecurity threats. The DHS will use its Automated Indicator Sharing (AIS) platform to collect and transmit the information to public and private stakeholders.  AIS is designed to “receive indicators,” “remove unnecessary personally identifiable information,” and “ disseminate the indicators, as appropriate, to other federal departments and agencies and the private sector and other non-federal entities.”

The initiative is expected to enhance and streamline information sharing between the industry participants and the government, focusing particularly on the financial services industry.  The United States’ (US) further investment in cybersecurity and data protections may help ease tensions with the European Union (EU) over information sharing.

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