Government to Industry: Self-Regulate Cybersecurity, or Be Regulated

From: SIGNAL Online/AFCEA

By Robert K. Ackerman

If the private sector does not establish effective cybersecurity standards, government will impose them—like it or not.

With cyber losses running in the hundreds of billions of dollars, the private sector must establish its own standards for cybersecurity or face government regulations that would be painful for some firms. Either way, regulatory guidance is necessary for the private sector to avoid potentially fatal hemorrhaging of assets and information to cybermarauders.

These points were offered by the Tuesday panel at the AFCEA International Cyber Symposium, being held June 24-25 in Baltimore. Four experts examining the issue from both sides agreed that self-regulation was the desirable outcome.

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