Law360, New York (March 12, 2015, 10:37 AM EDT) -- A technical agency within the U.S. Department of Commerce is poised to have a substantial impact on American businesses, through efforts on cybersecurity, data security and privacy. The National Institute of Standards and Technology has taken a leadership role on technology issues by producing guidance documents that are broad in scope and may influence regulatory agendas and expectations about private sector operations and policies. The private sector should be engaged and watchful, as NIST's work generally is not bound by notice and comment procedures and is rarely subject to judicial review, but could become de facto obligations or expectations for private behavior....