A Brief Description of United States Cybersecurity Law
After reading the below feel free to contact us to discuss your cyber risk management legal needs.
Cybersecurity data breaches have concerned various state governments and officials in the federal government for over a decade. As a result, a series of cybersecurity law guidelines have been passed at multiple levels to help protect the citizens of the United States from dangerous threats. These laws take on many different forms, such as privacy law and cyber risk management guidelines.
Different information security law types are constantly being proposed and passed. Understanding all of them can help an individual and a company improve their data breach response time. It can also protect them from the kind of dangers that hackers, both private and government-sponsored, have caused in the last several years. You can work with Curry Law to develop cybersecurity training and cyber risk management necessary to keep your organization safe.
A Brief History of U.S. Federal Cybersecurity Laws
The United States doesn’t have a single cybersecurity law that helps improve cyber risk management. Instead, it has multiple rules that are designed to protect many aspects of a data breach response. Even more confusing, the various states in the country have their own privacy law packages to help protect citizens.
As a result, it can be somewhat tricky to understand all of the various rules and regulations out there. For example, the Federal Information Security Management Act was passed in 2002. This information security law was designed as an attempt to not only reduce paper waste in the government but to standardize various security measures for cyber information as well.
Since then, more laws have been passed to improve the data breach response of various companies and individuals across the nation. Taking a more in-depth look at some of the most important and broadest of these guidelines can help you better understand how well your information is protected.
Cybersecurity Enhancement Act of 2014
This act was signed into law in 2014 and created a voluntary partnership with various cybersecurity agencies. It was designed to help boost research effectiveness into improved cybersecurity measures and to find ways to implement them more successfully. It also included educating the public on various issues that affect them and how to avoid complications that could ruin the effectiveness of their cybersecurity.
Cybersecurity Information Sharing Act of 2015
This cybersecurity law was passed in 2015 as an attempt to help improve the online data privacy of millions. It helped the Department of Homeland Security create new cybersecurity programs that kept your information safe. Some of these programs included the integration of cyber insurance, which would help pay for data breaches if they occurred on your computer.
This privacy law is designed for commercial email and is intended to help protect against spamming and other common problems. It allows you and other business email recipients to demand the right to stop email and has a variety of penalties for violations. These penalties often include hefty fines with the goal of halting spamming actions in mind.
Passed in early 2015, this law was set into place to create a transparent flow of information between financial institutions and their clients. These financial institutions are required to explain their information-sharing practices to customers and to take steps to prevent information breaches. Companies covered under this law include various loan providers, banks and credit unions.
Federal Exchange Data Breach Notification Act of 2015
This information security law was passed to help anyone who was on the health insurance exchange. People on this exchange were suffering from data breaches and were unable to take appropriate steps towards preventing it. After this law was passed, it was essential for insurance providers to notify individuals of a data breach as soon as possible to help them take necessary measures for identity theft management. The deadline was set for 60 days, after which companies would face hefty fines.
The Sarbanes-Oxley Act
Many individuals across the nation were taking for granted the cybersecurity credentials of the companies with whom they did business. This was a mistake because a large number of the companies weren’t taking appropriate steps to manage the issue. However, the Sarbanes-Oxley Act made it necessary to showcase what cybersecurity methods a business used for protection. Penalties for this law are unusually high and may be as steep as a $5 million fine and up to 20 years in prison.
Privacy of Consumer Financial Information and Safeguarding Personal Information
The passage of these cyber risk management regulations was designed to improve the data breach response time of various organizations. It required setting up appropriate cybersecurity measures, including creating written policies, which were intended to prevent hacks and other unlawful access. Companies who break this law may be fined nearly $1.1 million or triple the victim’s monetary loss, whichever is higher. The high penalties of these laws are designed to force companies to improve their security measures.
DFAR: Defense Federal Acquisition Regulation
Defense information is particularly essential to protect, especially at a federal level. This piece of cyber risk management legislation was designed to safeguard defense information and improve cyber incident reporting. It applies strictly to Department of Defense contractors and subcontractors. It requires them to create a security system that helps to protect unclassified information. Penalties may include debarment or an inability to work with the federal government any longer.
As you can see, cybersecurity law guidelines are expansive and spread out over a wide range of different government types. Information security laws also offer a broad array of protection that helps to improve your data breach response and avoid grave dangers. However, cyber risk management must continuously be maintained to prevent hacks or other vulnerabilities. Working with Curry Law, you can arrange an ethical hacker, or a white hat hacker, to help you test the protection you have in place now and find areas for improvement. We can also assist you in developing a robust cyber risk management program that is appropriate for the size of your business.