In response to recent highly publicized cybersecurity incidents, President Biden signed an Executive Order on May 12, 2021, that contains eight key initiatives aimed at modernizing the federal government’s response to cyberattacks.
Although the initiatives outlined in the Executive Order only apply to federal contractors (many of which already comply with agency-specific cybersecurity rules), all companies and organizations should pay attention to them, as they could be used as models for other laws and as the “baseline” for what security measures businesses will be expected to implement.
Removing Barriers to Sharing Threat Information / National Security Systems
Overview: The Executive Order calls for updates to federal information technology and operational technology service contract terms to allow federal contractors to share threat intelligence and information about cybersecurity incidents with different federal agencies. Specifically, the Executive Order is asking that such contracts be designed to ensure that these contractors “collect and preserve data, information, and reporting relevant to cybersecurity event prevention, detection, response, and…
