Washington, D.C. – TechNet, the national, bipartisan network of innovation economy CEOs and senior executives, submitted comments to the U.S. Securities and Exchange Commission (SEC) in response to the agency’s proposed rulemaking on cybersecurity risk management, strategy, governance, and incident disclosure. The following statement can be attributed to Carl Holshouser, SVP, TechNet:

“Each cybersecurity intrusion puts the integrity of financial markets, national security, and utility services at risk, threatens businesses, especially small ones, and violates civil liberties through personal data theft and stolen identity. With today’s world growing more connected by the second, defending our critical infrastructure and protecting our data will require close collaboration between America’s technology sector and the government.

“TechNet appreciates the opportunity to provide constructive feedback and share our concerns with the proposed rule. Cybercrime costs the world economy nearly $1 trillion a year. As policies and regulations are created to meet the evolving technological landscape and growing threat cyber attacks pose to our economy, it’s important that new rules prioritize building a partnership with the private sector to strengthen America’s cybersecurity resilience.”

You can read TechNet’s comments here.