US State Cybersecurity Regulation More Than Doubled in 2017, While Federal Regulation Waned

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by Angela Guess

According to a new press release, “Edgile, the leading cyber risk and regulatory compliance partner to the Fortune 500, today announced the release of its quarterly iGRC update which adds new state and international sources addressing cybersecurity and privacy compliance to the iGRC content platform. The report added a number of new state and international law sources in a year that saw some reduction in federal regulation but a significant surge in state and international regulation. In 2017 approximately 42 U.S. states introduced 240 bills and resolutions related to cybersecurity — more than double the number in 2016 (during which 104 state bills and resolutions were introduced) — and at least 27 states enacted related legislation.”

The release goes on, “The pace of legislation and enforcement at the state level is the latest evidence of the ever-shifting landscape that US enterprises are facing. Recent actions by Federal agencies suggest a measure of relaxation of enforcement authority in areas impacting consumer information privacy and security. For example, in December the FCC voted to repeal net neutrality rules introduced during the previous administration. Additionally, after the former director of the Consumer Financial Protection Bureau (CFPB) stepped down in November, and a new interim director was appointed, the agency’s self-description in press releases was revised to reflect that it ‘helps consumer finance markets work by regularly identifying and addressing outdated, unnecessary, or unduly burdensome regulations’.”

Read more at Business Wire.

Photo credit: Edgile

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