Policy: Increased cyber breach disclosure requirements will be positive not only for cybersecurity, but also for corporate profitability
SolarWinds fallout continues as the US Senate Intelligence Committee Chairman Mark Warner says that Congress will revisit the issue over whether to require companies to disclose cyber breaches. Previous attempts by the government to require notification were reportedly blocked by private sector lobbying. But the scale and damage of the SolarWinds hack—and the fact that had FireEye not disclosed the breach, the damage would likely have continued to increase much further—means that it will be far more difficult for opponents of disclosure to continue to successfully block this type of legislation.
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