Stock market hackers drives cybersecurity bill

February 15, 2011
Cyber Security, FedCyber Wire
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via The Hill

Recent revelations that the NASDAQ had been hacked multiple times have spurred Sen. Robert Menendez (D-N.J.) to introduce legislation that would boost the government’s cybersecurity efforts.

The Senate Banking Committee member unveiled the bill Thursday after reports indicated that the stock market was repeatedly breached by outside hackers.

“Cyber-threats are not on the horizon, they are upon us,” he said. “Businesses and investors must trust that their investments are secure. We cannot allow security breaches to undermine our trust in the U.S. economy. We must step forward and curb these attacks without delay.”

The bill would require the National Science Foundation (NSF), Department of Homeland Security and Department of Defense to cooperate in researching cybersecurity threats. Menendez also wants to improve the transfer of developed technologies to the private sector.

Story here.