Search
 
News

The Case for a Hack-Reporting Requirement

Yesterday, senators and tech executives came together to recommend a consistent federal approach to corporate disclosure of cyberattacks.

By Alyza Sebenius & Rebecca Kern | February 24, 2021 at 10:29 AM
Photo: Solarwinds corporate headquarters SolarWinds Corp. headquarters in Austin, Texas. Photographer: Bronte Wittpenn/Bloomberg

A bipartisan group of senators on Tuesday recommended that the United States consider requiring companies to disclose when they have been hacked.

At the first public hearing before Congress since a massive cyberattack by suspected Russian hackers was disclosed in December, Senate Intelligence Committee Chairman Mark Warner, a Democrat, was joined by the committee’s vice chairman, Republican Senator Marco Rubio, in calling for the measure. Several others, including Senator Angus King, an independent, also voiced their support, as did several of the tech executives who were testifying.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

 

Recommended Stories

Inflation and Labor Are Cooling

Inflation and Labor Are Cooling

Augusta Saraiva |

Fed rate hikes are on hold for now, but some think inflation and the soft job market will lead to cuts in the near future.

Global Bonds Power Ahead

Global Bonds Power Ahead

Rita Nazareth |

Dovish bets take hold, with soft economic readings in both the U.S. and Europe fueling speculation that central banks will cut rates in 2024.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.