Recent government action has shown that the White House and Congress are keenly aware of the potential data security benefits of robust information sharing between and among the private sector and the government. Last year, President Barack Obama unveiled an executive order (EO) to improve the cybersecurity of critical infrastructure entities that highlighted the important role information sharing must play. In recent years, information sharing bills have been introduced regularly in both the Senate and the House, and again on July 10, Sen. Dianne Feinstein, D-Calif., introduced the Cybersecurity Information Sharing Act of 2014 (CISA) in an effort to encourage the flow of cyberthreat data between the private sector and the government.
Companies are already sharing cyberthreat data, but many remain leery as they engage in this largely unchartered territory. This article will analyze the primary concerns raised by companies and highlight steps they can take to safely share information and leverage this important weapon against cybercrime.
