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May 2004

Should new information security laws include auditing requirements?

I don't believe that, in the case of a lot of major companies, there's boardroom-level attention to information security.   Rep. Adam Putnam R. - Florida Blaster didn't cause last summer's massive Northeast power outage, the Federal Energy Regulatory Commission reported last month. But the timing of the two events fueled theories that the lights went out because the worm penetrated the SCADA systems controlling the power grid. While investigators noted the fragility of the aging electricity distribution network, others saw the tremendous damage cyberterrorists or foreign adversaries could wreak if they disrupted the IT networks that control the nation's critical infrastructure. Rep. Adam Putnam was already crusading to improve the security of the nation's critical infrastructure when the power failed from Ohio to New York. The Florida Republican sounded a wake-up call last fall by drafting, but not filing, the Corporate Information Security Accountability Act, which would require publicly traded companies to file high-level ...

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