President Obamas proposed legislative language to improve the nations cybersecurity does not require companies to harden their information networks.
But the legislation sent to Congress lays out the Presidents plans to establish a national breach notification rule, lift legal barriers to enable industries and government to share threat data, and change federal racketeering laws relating to fraud and related activity in connection with computers which would include deterring development and sale of computer and cell phone spying devices. The legislative language and plain-English summaries are available here.
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