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Administration to roll out cybersecurity incentives

Aug. 7, 2013 - 03:49PM   |  
By ANDY MEDICI   |   Comments

Companies that adhere to voluntary cybersecurity standards could be rewarded with preferences in obtaining federal grants, lower insurance rates or public recognition, according to a top federal official.

Michael Daniel, White House cybersecurity coordinator, said in a blog post Tuesday that while the Department of Homeland Security and other agencies work to finalize a set of cybersecurity standards by October, they were also directed to offer suggestions on how to encourage companies to participate.

“Over the next few months, agencies will examine these options in detail to determine which ones to adopt and how, based substantially on input from critical infrastructure stakeholders,” Daniel said.

The framework is intended for companies that own and operate critical systems, such as the electric grid and chemical plants, and that agree to follow voluntary standards under the framework.

Some other possible incentives include the expediting of government services, such as technical assistance to companies that participate in the voluntary standards. Or those companies may benefit from streamlined regulations as a result of participating in the standards.

Daniel said that some incentives can be put into place using existing authorities, but some may require legislative action.

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