WASHINGTON and NEW YORK and LONDON, Oct. 27, 2015 /PRNewswire/ -- The Cybersecurity Information Sharing Act (CISA) has thus far been strongly opposed by the biggest names in tech, including Apple, Google, Microsoft, and others. MarketResearch.com offers insights into the cybersecurity market and what this bill means for the industry.
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The aim for the CISA is to create a system that allows companies to share evidence of hackers' footprints with one another and the U.S. government, while being given immunity from privacy-protection and antitrust laws. Through this act, lawmakers hope to facilitate government coordination with banks, retailers, service providers, and tech companies when threats occur.
Companies that oppose the bill argue that it does not do enough to protect the privacy of individuals and could lead to mass government surveillance. Apple told the Washington Post, "The trust of our customers means everything to us, and we don't believe security should come at the expense of their privacy."
The bill itself will work towards increasing the amount of information collected about hackers, not improving the effectiveness of current security systems — meaning, security companies already in this industry will remain active. In fact, the bill may actually increase the amount of work security companies do.
Experts have claimed that the bill has weak privacy protections, overly broad monitoring, and allowance of defensive measures that would actually undermine cyber security.
A debate will be held today, with a final vote occurring Thursday.
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