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Congress Seizes on Incident Reports in Fighting Cyberattacks

Law360

16 Mar 2022

Alex Iftimie spoke to Law360 about the Cyber Incident Reporting for Critical Infrastructure Act, which would require a broad range of companies that power the nation’s critical infrastructure to report “substantial” cyber incidents to the U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Agency (CISA) within 72 hours and to disclose payments made in response to ransomware attacks within 24 hours.

"This bill and the requirements that we're seeing across the federal government for cyber incident reporting reflects the government's view that it still isn't seeing as much as it needs to see to be able to respond to threats," Alex said. 

He added: "What we're seeing here is a significant move toward a unified reporting structure, and that's really important for the private sector, which doesn't want to have to report the same incident to a bunch of federal agencies. It creates a one-stop shop for reporting to the federal government."

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