BRT urges New York State Department of Financial Services to revise its proposed rule on Cybersecurity Requirements for Financial Services Companies to adopt a more risk-based approach and avoid overlapping national requirements and guidance.
American strength in information and technology is both a significant competitive advantage and a platform for expansive economic growth and opportunity. Business Roundtable supports policies that will leverage America’s strengths while safeguarding U.S. information and technology assets in a complex global environment. Challenges include policies that enable more intelligent and effective cybersecurity protection, global information technology (IT) policies that maximize the value of information in an interconnected world, and IT trends and their impacts on economic growth and business innovation.
Recent Activities in Technology, Internet & Innovation
Business Roundtable today applauded the adoption of the EU-U.S. Privacy Shield by the European Union.
This legislation will provide a voluntary and non-regulatory foundation for advancing public and private sector cybersecurity capabilities, especially those around protection and detection, and enable both sectors to manage growing cybersecurity risks to our national security and, equally as important, the U.S. economy.
We applaud the Senate for passing critical cybersecurity information sharing legislation that will enable the exchange of cybersecurity information while preserving the protection of privacy and civil liberties. We urge an expeditious conference of CISA and the House-passed information sharing bill so that President Obama can sign a bill into law as soon as possible.
"We are asking the court to uphold the principles of openness and freedom to innovate that have made the Internet a driving force in global commerce,” said Business Roundtable President John Engler. “Open broadband Internet access is a critical platform for business expansion, job creation and U.S. economic competitiveness. The Federal Communications Commission’s (FCC) Internet regulations will slow down investment and innovation – and we are petitioning the court for relief.”