CEO Champions Small Business at House Hearing

June 15, 2016 – CyberRx Co-Founder & 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.

A recording of the hearing can be found at: https://homeland.house.gov/hearing/cybersecurity-act-2015-industry-perspectives/

About CyberRx

CyberRx is a company named after its new and innovative tool of the same name. Our online cybersecurity readiness software platform helps businesses assess their capabilities within the NIST Cybersecurity Framework and provides them data to decide what tools are most critical as weighed against their risk profile and budget. CyberRx is vendor agnostic in recommending solutions.

Contact: Ingrid Shipton, Director of Cybersecurity, CyberRx; 301.755.0479 Ext. 2803 or info@cyber-rx.com

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