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Does PrECISE About Cover It?

By ThreatMetrix
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PrECISE (Promoting and Enhancing Cybersecurity and Information Sharing Effectiveness) is the cybersecurity bill introduced by members of the House Homeland Security Committee.  PrECISE establishes a quasi-governmental entity to oversee information-sharing with the private sector.

Wouldn’t you like to have sat in on the meeting where they decided on the acronym, PrECISE?  (Probably more like multiple meetings with emails flying back and forth for months):

Staffers: “How about Cybersecurity Information Sharing (CIS)?”

Committee: “CIS?  Too close to CIA, which is supposed to gather information, not spread it. Leaves the wrong impression.”

Staffers: “How about Promoting and Enhancing Cybersecurity and Information Sharing Effectiveness (PECISE)?”

Committee:  “That’d be pronounced Pea-size. Does Pea-size sound like the taxpayers are getting any bang for their buck?”

Staffers:  “How about we put in an “R” for Research? “Promoting Research and Enhancing Cybersecurity and Information Sharing Effectiveness.” Then we’ve got PRECISE. “

Committee: “PRECISE.  Like it.  But we’re not doing Research. That makes PRECISE imprecise.”

Staffers:  “Okay, we can take the “R” from “Promoting” to make it “PRECISE.” And to differentiate it from the rest of the acronym, we can make the “R” an “r”.

Committee:  “But what do we do about the “a”s in the “ands” in “Promoting Research and Enhancing Cybersecurity and Information Sharing Effectiveness?”

Staffers:  “Lower case ands are always silent.” 

Committee:  “Precisely.”

However the PrECISE Act got its name, The Hill’s “Hillicon Valley Technology Blog” reports that it’s designed to encourage “private firms to share information on cyber threats [stopping] short of mandating new security standards for sectors deemed critical to national security” following other cybersecurity bills offered by House Republicans.

The bill lays out the Department of Homeland Security’s cybersecurity functions which would require DHS to evaluate cybersecurity risks for critical infrastructure firms and determine the best way to mitigate the risks.

“Cybersecurity is truly a team sport, and this bill gives DHS needed authorities to play its part in the federal government’s cybersecurity mission and enables the private sector to play its part by giving them the information and access to technical support they need to protect critical infrastructure,” said House Cybersecurity subcommittee Chairman Dan Lungren (R-Calif.).

Hillicon Valley Technology Blog observes, “By authorizing DHS to oversee civilian cybersecurity, the legislation aligns with proposals from both the Senate and the White House, but it is unclear how much authority DHS would have to enforce its security standards. Democrats have argued DHS needs some enforcement authority to ensure firms beef up their network protections.”

While there hasn’t been a whole lot of bi-partisan support for any measure recently, this bill appears to come close. Bennie Thompson (D-Miss.) said, “Introduction of this legislation represents a solid and significant step forward in the effort to secure our nation’s cyber infrastructure. While I am not prepared to give my full support to the bill at this time, there’s a lot to like in this bill. I am pleased that it gives DHS the authority and resources it needs to fulfill its cybersecurity mission instead of creating a whole new bureaucracy or complicated regulatory framework.”

Offers Cybersecurity sub-panel ranking member Yvette Clarke (D-N.Y.), “While we continue to review this legislation, I look forward to working with my colleagues in a more collaborative way to strengthen this bill.”

You may have to wait for Congress to work out the precise language of PrECISE before it’s enacted.  But, you don’t have to wait to achieve the most effective protection for your online assets.  That protection is available today from ThreatMetrix™.

The first perimeter and the most effective element in a multi-layered defense against cybercriminals is device identification.  Offering transaction security from hidden proxies, scripted attacks and cookie and browser manipulation, the ThreatMetrix™ Cloud-Based Fraud Prevention Platform  lets companies authenticate payments, new accounts and returning customers in real time. And it doesn’t matter what device is being used from smartphones to PCs to tablets. Combined with aggregated fraud intelligence in the cloud, ThreatMetrix device identification offers companies maximum protection without the need to collect Social Security numbers, email addresses or bank account information.

By ThreatMetrix Posted