Cybersecurity Bill Said Costly

U.S. Chamber criticizes Senate measure as burdensome for companies.

Two of the largest U.S. business-lobbying groups criticized a Senate cybersecurity bill aimed at shielding vital computer networks, saying the measure would burden companies with unneeded and costly regulation.

The bipartisan legislation introduced yesterday calls for the U.S. Homeland Security Department to identify systems critical to national and economic security and set security rules for overseeing companies and government agencies.

Oracle, Cisco Support

Oracle Corp., a software and data-storage services supplier, and Cisco Systems Inc., a networking products provider, sent a letter yesterday supporting the bill to Reid, Lieberman, Collins and Senator Jay Rockefeller, a West Virginia Democrat. The legislation includes provisions that “will enhance the nation’s cybersecurity without interfering with the innovation and development processes of the American IT industry,” the companies said.

Further Changes Sought

He said his group seeks further changes to ensure the bill doesn’t impede industry’s “ability to continue to innovate and be flexible to respond to the evolving cyber threat landscape.”

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