Analysis

3 Key Details To Watch As Congress Mulls Breach Report Law

By Ben Kochman (November 24, 2021, 8:02 PM EST) -- Congress is on the verge of passing legislation requiring certain companies to disclose cyberattacks and ransomware payouts, but unresolved details, such as the deadline for reporting incidents, bear watching as lawmakers bid to pass a bill before the end of the year.

The U.S. Senate is set to resume negotiations on Monday on a defense policy spending bill that includes a first-of-its-kind amendment that would require critical infrastructure operators and federal agencies to report attacks to the Cybersecurity and Infrastructure Security Agency within 72 hours. The proposal, which has bipartisan support, would also mandate that businesses with more than 50 employees alert authorities within...

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