President Trump met with Mayor Rudy Giuliani, General Keith Alexander, Thomas P. Bossert, and energy sector leaders today to address energy sector resilience and cybersecurity. President Trump thanked the participants in the meeting for their efforts and underscored the importance of a continuing public and private partnership to effectively combat threats against the energy sector, particularly the power grid.
In the meeting, the leaders discussed unique challenges the sector faces and strategic initiatives, both underway and proposed, to address the evolution of malicious cyber activity.
The President stated his continued commitment to enhancing electric grid security and resilience, noting that his Executive Order “Strengthening the Cybersecurity of Federal Networks and Critical Infrastructure” is an important step towards that goal.
The President made clear that his Administration is committed to working closely with infrastructure providers, improving the existing public and private partnership framework, and fostering collaborative relationships for effective risk management.
Source: The White House, Office of the Press Secretary
What is the Cybersecurity Disclosure Act of 2017?
This video was published on YouTube on June 15, 2017.
In March 2017, the Cybersecurity Disclosure Act of 2017 was introduced to the U.S. Senate. The bill mandates that in all annual reports to the SEC, companies must disclose the level of cyber security expertise of the board; or, if none exists, what "other cybersecurity steps taken by the reporting company were taken into account."
To learn more about the bill itself and the specific impact it could have on cyber risk management, watch this interview featuring Steven Grossman, VP of Strategy at Bay Dynamics, and Bob Zukis, Senior Fellow with The Conference Board Governance Center.