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Good day. On Day Three of the RSA Conference 2023, my conversations were about how government rules and actions could affect how corporate cyber chiefs go about their work.
Case in point: Impending rules from the Securities and Exchange Commission for cybersecurity disclosures. For those speaking on a panel at RSA, the picture is still muddy.
Alan Berry, chief information security officer at health insurer Centene Corp., said the proposed reporting window for material cyber events–in itself a loose definition, he added–is four working days. Does that mean four days from the start of an event, or four days from the determination that a cyberattack is material?
“I think most of us would welcome clearer rules and understanding,” he said. The SEC is expected to issue its final requirements in the next few weeks.
The SEC risks overloading companies with rules that compete or conflict with those of other federal agencies, said Matthew Modica, CISO at healthcare provider BJC HealthCare. The Cybersecurity and Infrastructure Security Agency, for instance, is in charge of fleshing out federal breach reporting mandates for critical infrastructure operators, but those will be different from the SEC’s proposals.
Federal officials hope that rules will eventually align, but the independence of agencies such as the SEC mean that they can’t be forced to align.
As Eric Goldstein, CISA’s executive assistant director for cybersecurity, told me in an interview: “Many regulators are independent and reserve autonomy in issuing regulations that they see fit but we are optimistic that as we move towards issuing our proposed rulemaking we will have more regulators anchor to what we think the right answers are.” The SEC didn’t respond to a request for comment.
Talk of artificial intelligence is everywhere, from companies clamoring to debut integrations of ChatGPT bots and other generative AI, to lingering queries about how and when the government might step in with views on how AI applies to security. I spoke with Mr. Goldstein about the topic, along with the National Security Agency, which has some concerns about how companies are advertising their prowess–and the attention that might attract from bad actors. More on that here, and below.
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