Balancing Act: Regulation and Incentives in Cybersecurity
Cybersecurity Blog Series: Part 2 How do regulation and legislation impact global cybersecurity practices? What about incentives? In part one of this series , I discussed the importance of standards in preventing cyberattacks, particularly in our increasingly industrialized digital and IoT world. Here, I’ll explore regulations and the role of incentives in cybersecurity. While regulations and legislation vary by country , cyberattacks are border agnostic. Attacks – both attempted and successful – targeting a facility in any one country can have detrimental consequences worldwide. Therefore, it makes sense that we have international guardrails and agreements on cybersecurity best practices in place. This includes initiatives from the International Society of Automation (ISA), including IEC 62443 , a set of standards developed by ISA99 and International Electrotechnical Commission (IEC) committees to improve the safety, availability, integrity and confidentiality of components or sys...