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News Now

Washington
CUNA: Cybersecurity Bills Offer Coordination, Protections
WASHINGTON (4/17/13)--The U.S. House passed three cybersecurity bills Tuesday and the Credit Union National Association joined a group of financial trade groups in a letter that voiced support for the legislation trio to every House member.

"Our nation's cybersecurity requires the active participation of the government, business and every consumer. We believe these bills encourage the participation of all, while providing the tools to defend against cyber threats by funding research and development activities," the joint trade group letter said.

The three cybersecurity bills are:

  • The Cybersecurity Enhancement Act (H.R. 756), which supports increased public and private cybersecurity research;
  • The Advancing America's Networking and Information Technology Research and Development Act (H.R. 967) which will refocus the National High-Performance Computing Program on a larger mission and increase research and development within the Program; and
  • The Federal Information Security Amendments Act (H.R. 1163), which will update the Federal Information Security Management Act and require federal agencies to comply with National Institute of Standards and Technology computer standards and perform risk-based analysis of cyber threats to develop appropriate controls.
The financial services industry is committed to cybersecurity efforts "and will remain a willing partner with the Congress and the administration to secure our nation's cyber infrastructure," the trade group letter said.

CUNA co-signed the letter with the American Bankers Association, the Consumer Bankers Association, the Electronic Funds Transfer Association, the Financial Services Roundtable, the Independent Community Bankers of America, NACHA-The Electronic Payments Association and the Securities Industry and Financial Markets Association.

The bill now move to the Senate for consideration.

For the full letter, use the resource link.


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