A presidential executive order outlining some guidelines on cyber-security-coordination efforts may help get the ball rolling on more meaningful legislation, but by itself, the order does not seem to make any mandatory demands on private entities, at least at this time, an insurance-industry expert says.
Jim Whetstone, senior vice president and U.S. technology and privacy manager at Hiscox, says there has been a lot of talk over several years about accomplishing legislation around cyber security. As for Pres. Barack Obama's executive order, issued Feb. 12, Whetstone says, "It looks like a watered-down version of some things that have been talked about in the past."
The order addresses cyber risks to industries seen as critical to U.S. infrastructure. "The cyber threat to critical infrastructure continues to grow and represents one of the most serious national security challenges we must confront," says the order. "The national and economic security of the United States depends on the reliable functioning of the Nation's critical infrastructure in the face of such threats."
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