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October 7, 2024 at 10:10AM
The US government’s move towards cyber regulation, a politically sensitive and intricate task, demands a strategic approach. To execute this, the Office of the National Cyber Director (ONCD) should establish a new office to oversee regulation, integrating harmonization, strategy development, and implementation. The US government faces a crucial opportunity to enhance cybersecurity measures and economic stability.
Key Takeaways from the meeting notes:
1. Regulation of cybersecurity is a highly complex and politically sensitive issue for the US government.
2. A new office within the Office of the National Cyber Director (ONCD) is needed to drive smart regulation and harmonization.
3. The government is considering various approaches to improve cybersecurity, including imposing minimum baseline controls, using securities laws to charge corporate security executives, and imposing labeling requirements for smart devices.
4. ONCD needs to develop a new strategy for regulating cyberspace, with major options, trade-offs, timelines, and measures of success, and the final decisions should involve the political leadership in the National Security Council and National Economic Council.
5. To ensure the success of the cyber-workforce strategy, ONCD must create another dedicated office to focus on the complex topic of regulation.
6. The new office would oversee the development of a coherent regulatory system, harmonization of cybersecurity requirements, and track the completion of the implementation plan.
7. There are multiple regulations that require coordination, including Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA), and regulations from various government departments and agencies.
8. The next presidential administration may need a regulatory plan to coordinate and harmonize between independent agencies and engage with states and the European Union.
9. Starting work on a regulatory plan now can help ensure the continuity and longevity of smart regulatory policies between administrations, improving predictability for regulated companies.
In summary, the meeting highlighted the need for a focused regulatory strategy and the establishment of a new office to drive smart regulation and harmonization within the ONCD. The changing political landscape and the complexity of cybersecurity regulations require a dedicated effort to ensure continuity and improve predictability for regulated companies.