Business Roundtable is an association of chief executive officers of leading U.S. companies working to promote a thriving economy and expanded opportunity for all Americans through sound public policy.
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
We believe that the MGT Act promotes sound policies that advance public and private sector priorities. By investing in innovative technologies and strengthening federal cybersecurity, the federal government can ensure its delivery of enhanced essential services.
We believe that NIST’s leadership in developing the voluntary and risk-based framework has improved our nation’s cybersecurity posture. Unlike prescriptive, one-size-fits-all regulations, the Framework provides the management of all sizes of organizations with a flexible approach to evaluate their cybersecurity posture as threats and vulnerabilities evolve.
[Our] following comments on the proposed regulations encourage a more flexible and risk-based approach to cybersecurity that complements existing cybersecurity requirements and results in better cybersecurity outcomes for everyone.
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.
Business Roundtable today applauded the adoption of the EU-U.S. Privacy Shield by the European Union.