Panel Approves Cybersecurity Act
PRIVACY LAW—U.S.February 3, 2012
A House panel approved legislation this week that would require "the most privately operated national critical infrastructure to adopt information security standards to safeguard their IT systems and networks," BankInfoSecurity reports. The Promoting and Enhancing Cybersecurity and Information Sharing Effectiveness, or "Precise" Act, would authorize the Department of Homeland Security to coordinate security efforts across government agencies and would allow information sharing among governments and relevant businesses on matters pertaining to cybersecurity. The act was approved by the House Subcommittee on Cybersecurity, Infrastructure Protection and Security Technologies and will now move to the Homeland Security Committee.