Removing Barriers Blog

CUNA Writes Letter to Senate Urging Passage of Cybersecurity Legislation
Posted October 15,2015 by CUNA Advocacy

Last week CUNA and other financial services trades wrote a letter to Senate leadership, urging passage of S.754, the Cybersecurity Information Sharing Act (CISA). CISA is a bipartisan bill approved earlier this year on a near-unanimous basis by the Senate Select Committee on Intelligence and is strongly supported by the financial services sector. 

Currently, the laws related to sharing information about cyber threats are unclear, confusing and uncoordinated. We expressed to Senate leadership that enactment of CISA would be a significant step forward toward clarifying what is permissible and what is not and ensuring that the government and the private sector work more closely together to mitigate cyber threats. 

The bill would help to establish clear lines of communication between the private sector and various government agencies responsible for cybersecurity and would establish a more open dialogue about emerging, imminent, and high risk cyber threats. This is critically important as understanding cyber risks and threats is the first step to defending networks and our critical infrastructures from malicious activity.

At the same time, credit unions place a high priority on protecting the privacy of our members’ personal and financial information. Thankfully, Chairman Burr and Vice Chair Feinstein have strongly affirmed that CISA protects privacy and allows critical threat information to be shared in a timely and effective manner, and that is why we support the strong and balanced privacy protections that have been incorporated in CISA. 

All of these provisions demonstrate why it is so essential to bring CISA up for debate as soon as possible…before cybercriminals can carry out the next devastating attack.