Wave Systems Corp. (fka WAVXQ)

[Genz2]

Congress approves cyber incident reporting for critical infrastructure

https://www.scmagazine.com/analysis/critical-infrastructure/congress-sends-cyber-incident-reporting-for-critical-infrastructure-to-bidens-desk

Excerpts:

Congress has delivered on its top cybersecurity priority this session, with both houses approving new legal mandates as part of a government spending bill that will require critical infrastructure companies to report breaches, ransomware payments and other “significant” cyber incidents to the federal government.

After some initial hiccups (this is Congress, after all) that led to the requirements being left out of last year’s National Defense Authorization Act, the two bodies came together over legislative language that would compel companies to report incidents within 72 hours of experiencing a cyberattack and within 24 hours of making a ransom payment.

The legislation now heads to the desk of President Joe Biden, who is expected to approve and sign it.
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This legislation provides an even stronger incentive for critical infrastructure companies to use cybersecurity (Wave) that actually prevents breaches, ransomware and cyber incidents!!
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Better security at less than half the cost!!

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