CyberRx CEO, Ola Sage, testified earlier today before the U.S. House of Representatives, Committee on Homeland Security, Subcommittee on Cybersecurity, Infrastructure Protection and Security Technologies. The hearing was set to get “industry perspectives” on the Cybersecurity Act of 2015 and other federal information sharing initiatives. Ms. Sage discussed her experience as a small business owner and alerted Congress that many small businesses are overwhelmed by a “myriad of information sharing initiatives.”
In her testimony, Ms. Sage, observed said that many small- and medium-sized businesses (SMBs) are completely unaware of the new law. She suggested to the Subcommittee that now is the time for the government to increase the visibility of the law and its importance to SMBs using existing community outreach and awareness initiatives led by organizations such as the Small Business Administration (SBA), Chambers of Commerce, small business associations, and trade groups. Ms. Sage added that Congress should help SMBs better understand how the new cyber legislation helps them and their bottom lines.
Ms. Sage discussed briefly the high cost of cybersecurity to small businesses, citing industry estimates suggesting close to $60,000 a year for a 50-person company. She recommended that Congress provide estimates to business owners and CEOs of what it would cost a small business to participate in various federal information sharing forums, similar to the time estimations that are provided for completing government forms.
Other witnesses at the Subcommittee hearing included Matthew J. Eggers, Executive Director, Cybersecurity Policy, National Security and Emergency Preparedness, U.S. Chamber of Commerce; Robert H. Mayer, Vice President, Industry and State Affairs, United States Telecom Association; Mark Clancy, CEO, Soltra; and Mordecai Rosen, General Manager, Security Business Unit, CA Technologies.
CyberRx is a cybersecurity risk and compliance assessment software company. Headquartered in Silver Spring, MD, the company serves primarily small and mid-sized companies in regulated industries including finance, healthcare, life sciences, communications, and government. The company’s software-guided risk and compliance assessment tool helps companies determine their cybersecurity posture and gives them the guidance, tools to move forward with confidence in the world where new threats are a daily occurrence. For more information about CyberRx, visit https://cyber-rx.com.