National Security Presidential Memorandum-33 requires federal agencies to impose disclosure and security requirements as part of research and development grant programs.
Academic and research institutions will be subject to standardized and enhanced disclosure obligations at the institutional and individual levels. Major institutions will also have to implement security programs with elements including cybersecurity and insider
The U.S. Securities and Exchange Commission proposed rules that will require public disclosure not only of cybersecurity incidents, but also of aspects of public companies’ preparedness for cyber threats. The proposed rules set a short time frame for reporting “material” compromises, and the rules do not provide for delayed disclosure at the request of law
On March 15, 2022, President Biden signed into law the Cyber Incident Reporting for Critical Infrastructure Act of 2022. This follows increased reporting of cyber threats facing critical infrastructure sectors, particularly the energy sector. The regulations implementing the reporting requirements may be several years away, but overlap with other new reporting requirements such as the
In rapid succession, the following occurred:
Congress enacted new cybersecurity requirements for critical infrastructure.
U.S. Securities and Exchange Commission proposed a new cybersecurity rule.
U.S. Department of Justice unsealed indictments of Russian cyber operatives targeting the U.S. energy sector.
Federal Bureau of Investigation and the U.S. Department of Homeland Security pushed out new cybersecurity advisories.