ICBA and other groups called on Congress to extend the Cybersecurity Information Sharing Act before its Sept. 30 expiration date, saying that failure to do so would impede public-private sector coordination during cyberattacks and weaken the nation’s cyber defenses.
Details: In a letter to Senate and House leaders, ICBA and the other groups said:
The current cyber threat landscape highlights the need for consistent public-private collaboration—of which information sharing is a central component.
Without the protections codified by CISA, businesses may be less willing to share cyber threat information for fear of legal exposure.
Background on CISA: The bipartisan CISA legislation—enacted after an Office of Personnel Management breach in 2015—provides private-sector entities with information and liability protections for sharing cyber threats. It also includes an antitrust exemption that provides similar protections for sharing between private companies.
Recent Action: The House Homeland Security Committee this week unanimously passed the Widespread Information Management for the Welfare of Infrastructure and Government Act (H.R. 5079), which includes an ICBA-supported provision to modernize and extend CISA.
Why It Matters to Community Bankers: CISA plays a critical role in strengthening public-private cybersecurity coordination and ensuring that community banks have timely access to actionable cyber threat information.
ICBA Advocacy: ICBA will continue engaging with Congress as lawmakers determine the best path forward to reauthorize CISA 2015 before it expires at the end of this month. ICBA recently:
Submitted a quote in support of CISA that was featured in the press release of Committee Chairman Andrew Garbarino (R-N.Y.).
Urged Congress to reauthorize CISA, warning that failure to act could eliminate a valuable tool used to protect U.S. critical infrastructure sectors.
ICBA Resources: Cyber and data security resources for community bankers are available on the ICBA website.