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It looks very much as though cybersecurity will see an increase in regulation in the U.S. The White House released the U.S National Security Strategy last week, providing the platform for Chris Inglis the U.S National Cyber Director to release the National Cyber Strategy.
Chris Inglis has articulated many times the challenges of cybersecurity and the need to balance the responsibilities of the public and private sector, market forces and regulation to manage cyber security. (https://lnkd.in/evv4smJX)
Rumors abound the strategy will be released imminently, mid term elections are very close and the strategy will no doubt require funding. Chris Inglis has said previously that there maybe a need to regulate cybersecurity at a national level, as there are few tools in the tool kit to address such a critical risk.
The strategy should be watched closely by U.S partner nations and international organisations. If it includes regulation as a tool to manage cyber then alongside Federal Agencies such as the DoD and SEC cyber regulations it will impact public and private sector organisations that work and trade with the U.S.
Ted Dziekanowski and I have written previously that Market Forces have not delivered, but there needs to be a re-evaluation of the cybersecurity model to set the baseline standards expected to protect what is important.
The ONCD strategy will likely provide the insurance industry with an opportunity to place assurance over the insured’s compliance to regulation. Cyber regulation that insurers invariably do not cover if an organisation is breached and laws have been broken. Gerry Kennedy
#cybersecurity #cyberstrategy #cyberlaw #cyberinsurance #theaugustagroup
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