After the recent Internet ‘blackout’ taken to protest cyber legislation pending in the House of Representatives and the Senate, the average American has probably heard of SOPA and PIPA, the two proposed laws under fire. Many fewer, even among the business community, have probably heard of the Precise Act, which this week was given an up-vote by a House panel.
Precise stands for the "Promoting and Enhancing Cybersecurity and Information Sharing Effectiveness Act." The act would create regulations that would affect private businesses as well as agencies of the federal government; its purpose is to require entities to adopt security standards for information resources so that systems are less prone to hacking attacks and intrusion. Now that the House panel has approved the bill, it will be routed to the Homeland Security Committee for their review. The Precise Act has been given the designation of House Resolution 3674.
Dan Lungren, a Republican from California is the main sponsor of HR 3674. According to Lungren, some regulation in this area is needed, and the Precise Act has the advantage of containing less onerous regulation than a competing bill that is currently before the Senate. That plan would include a government-based audit system to enforce compliance, while the Precise Act would rely on industry regulators instead. "In my view," commented Lungren, "the alternatives, including preserving the status quo of voluntary action, are no longer acceptable."
Businesses concerned about the possible impact of pending cyber security legislation are advised to work closely with an IT consulting company whose experts can help them understand the compliance issues involved.