Cyber Security Regulations
Alarmingly, the number of people getting affected cyber security attacks is increasing. According to a research by Panda Software in 2006, 1 out of 5 e-mail messages that corporate servers receive are spam and 1 out of 20 is infected with malware. Consumer Reports released a report in 2006 showing that United States consumers would spend $7.8 billion over the last two years for computer repairs and replacements because security attacks like malware and viruses.
Security attacks like these do not only costs an individual repairs, businesses, organizations and the national economy could suffer losses. In 2005, cyber crime led to a loss of whopping $130.1 million, all because of viruses, unauthorized access to computer systems and personal and financial information theft.
There are numerous measures that should be taken by the government to help resolve cyber crimes and attacks. In the United States, there are different legislations in the executive and Congress level that are meant to protect computer systems and other medium of information technology. This is called cyber-security regulations.
Cyber –security regulations is to make sure that companies and private institutions would be using or protecting their systems from any cyber attacks like viruses, worms, phishing, denial of service and unauthorized access.
The United States Chamber of Commerce said that there are about 64 % of small businesses that are getting protection for their systems to protect their customer’s financial information. While there are about 72 % of businesses expressed concern about security of the company’s assets and information.
In the United States, there are cyber-security regulations, for both federal and estate governments. For federal government cyber security regulations, they focus mainly on specific industries and fields, healthcare, organizations, financial institutions and agencies that work with systems and information. Unfortunately, this regulation do not reach and cover computer related industries like Internet Service Providers (ISP).
Additional to this, the federal government is also trying to resolve issues of cyber security breach by allocating more funds in research and programs directed to research better solutions and recommendations for improving cyber security. The government is collaborating with members of the private sector.
Meanwhile, states are forming their own methods of dealing with security attacks. An example is the regulation passed by the California State in 2003 called Notice of Security Breach Act. Different states have followed the example of California and created their own anti-breach regulations and standard procedure.
There has been an ongoing debate about cyber security regulation. There are people who comments that creating a regulation is not the answer and not enough, what is needed is better defenses against hackers, viruses and similar threats. The regulation is said to restrict industries to develop programs and software that would boost cyber security. Aside form this, businesses also fears that having the regulation will cut back their healthy profits since they would meet more limitations and would cost them more.
But inspite of regulations and software that could protect your computer and systems, still the best way to boost cyber security is preventing any attacks from happening in the first place. There are easy tips that could be followed to avoid cyber attacks from happening.
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