Business Inaction Could Lead to Cybersecurity Law

[lovuian]

http://feeds.bignewsnetwork.com/redir.php?jid=7a5d1dcbb2372b4a&cat=3a8a80d6f705f8cc

By Andy Sullivan
WASHINGTON (Reuters) - U.S. businesses for years have urged the government to let them set computer-security standards of their own, but their inability to do so could now prompt Congress to step in, experts say.

Those who worry that regulation may stifle innovation say the business community may have already missed an opportunity to prove the government's help is not needed.

"The market is in a much better position to respond to this challenge ... but corporate America has not provided evidence across the board that they've taken this issue seriously enough to protect consumers," said Bob Dix, a lobbyist for Citadel Security Software Inc.(CDSS.O: Quote, Profile, Research) , who until last year handled cybersecurity for a congressional subcommittee.

The private sector is under scrutiny after a string of incidents at data brokers, retailers and other businesses exposed at least half a million U.S. citizens to identity theft
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Congress better do something or the credit card industry is going to be in big trouble!!!