Navigating the Proposed Cyber Incident Reporting Rule: What You Need to Know

New Cyber Incident Reporting Rule Proposed by CISA to Enhance Cybersecurity

In a bid to create a safer and more secure online environment, the Cybersecurity and Infrastructure Security Agency (CISA) has proposed a new Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA) Reporting Requirements. This rule would mandate covered companies to report specific cyber incidents within 72 hours of discovery and ransomware attack payments within 24 hours.

The proposed rule is groundbreaking in its scope, extending reporting obligations to entities previously not regulated. While the rule primarily targets companies deemed “critical infrastructure,” the designation encompasses a wide range of industries beyond traditional sectors like shipping ports and power plants. In fact, the proposed rule covers any entity operating within 16 different sectors, affecting over 316,000 organizations across the economy.

Covered cyber incidents under the proposed rule must be substantial and involve scenarios impacting data integrity, confidentiality, or availability. The goal is to identify patterns, inform others of risks, and assist affected businesses promptly. The proposal also outlines protections for compliant entities and consequences for non-compliance.

As the cybersecurity regulatory landscape evolves, organizations must invest in advanced security platforms to address security challenges and meet regulatory requirements efficiently. Implementing comprehensive security measures, utilizing AI-driven automation tools, and integrating cybersecurity into business operations are crucial steps to enhance cybersecurity posture.

With governments worldwide implementing cybersecurity regulations, a platform approach simplifies compliance efforts by providing integrated user experiences and improved visibility and control over security infrastructure. This level of integration is key to achieving better security outcomes and adapting to evolving cybersecurity threats and regulations.

In conclusion, cybersecurity is dynamic, and companies that are innovative and adaptable will thrive in this environment. To learn more about the proposed rule and cybersecurity best practices, visit Palo Alto Networks.