Monday, June 20, 2016

"The 'retailers' grasping for straws"

US is having a passionate debate regards regulations and cybersecurity measures to be taken by various industries, depending on the risks for each are assumed to exist. If such a budget deal is not already a risk. In the context of this debate, we want to echo today, Monday interviews in CIGTR, a recent talk between the Infosecurity specialized group and senior vice president and responsible for cybersecurity in the Association of bankeros American (AMA), Doug Johnson.

The interview, just over 10 minutes we recommend to hear in full, is hanger rejection of the Association of Industry Leaders Retail (RILA) US to the legislative proposal intended that these comercianets adopt the same cybersecurity standards than banks. According to retailers, this claim is unfair (see about us claim not join the safety of banks). This rejection was formalized in a letter to Congress objecting to the provisions of the Security Act Data 12015, also known as H.R. 2205.

According to Johnson, traders "grasping for straws" with these criticisms, aimed at traders avoid efforts be subject to more stringent regulatory controls regarding their security measures. "We're really trying to, as far as possible, all businesses adhere to the same level of security," said the vice president of the ABA.

One of the things that continually heard by traders is that banks should have a higher level of security than exists in the retail. And our answer to that has always been that even the credit smaller must be submitted "to the legislation. That is, a business that may have the same size as a café, and therefore the requirements governing for have in force for the other. they must meet safety standards governing the banking sector "because they have many similar data," said Johnson.

Therefore the head of cybersecurity ABA is confident that the Congress did vote in favor of establishing comparable standards of cybersecurity and hopes that vote in favor of a national standard notification leak or information gaps in 2017.

As we say, a very interesting interview in the context of an exciting discussion, in which besides other points are played as the role of the Federal Trade Commission in the regulation of cybersecurity, the importance of cooperation between banks and businesses by information sharing, and increasingly critical resulting protect payment data along the points of the financial chain.


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