Associations Send Letter to Senate in Support of the Cybersecurity Information Sharing Act of 2015

SIFMA and fifteen other associations (the “Associations”) sent a letter to Senator Mitch McConnell (R-KY) and Senator Harry Reid (D-NV) in support of the Cybersecurity Information Sharing Act of 2015 (S. 754) (the “Act”). The main purpose of the Act is to facilitate information sharing about cyber threats and developments between (i) different agencies of the U.S. government, (ii) the U.S. government and various private and local government entities and (iii) private entities.

In the letter, the Associations urge the Senators to bring the Act, which was approved by the Select Committee on Intelligence, to the Senate Floor as soon as possible. The letter states that the threat of cyberattacks is a “real and omnipresent danger”. The Associations argue that the Act will strengthen the nation’s ability to defend against such danger quickly and effectively by encouraging the business community and the government to share critical information.

Lofchie Comment: The government should facilitate information sharing about technology problems in general – not only cyber threats, but also technology breakdowns and close calls.

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