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KEY POINTS FROM THE ARTICLE
Since the development of technology and IT services such as cloud computing, cybersecurity has been critical to many businesses. Although some individuals might deem cybersecurity a non-priority, new laws safeguarding cybersecurity significantly affect businesses. Cyber threats extend beyond just organizations and companies to the government. Government databases hold sensitive information that can be used for identity theft and credit fraud, such as Social Security numbers, federal tax identifiers, employment identification numbers, and more. In 2021 alone, 36 states enacted new cybersecurity laws to help empower businesses and protect IT-managed services.
After decades of dealing with cyber-attacks, organizations recognize the need to prioritize cybersecurity. With the increasing impact and scale of these cyber attacks, the effect is felt across most economies’ social and economic setups. As a result, governments are taking charge of cybersecurity by implementing new regulations. Texas is among the many states enacting new cybersecurity regulations.
Cyber attacks involve any intentional or hostile attempt by an individual or organization to breach the information security of another individual or organization. According to Texas Fiscal Notes, in Texas alone, more than 38,000 victims of cybercrime reported financial losses of $313.6 million in 2020. Cybersecurity laws are regulations that apply to the detection, monitoring, prevention, mitigation, and management of cyberattacks.
Cybersecurity rules are either general or industry-specific. The Securities and Exchange Commission has strictly enforced the disclosure requirements for proper public disclosures regarding cybersecurity risks and material cybersecurity incidents. In addition, they typically prohibit fraud in connection with securities. These rules, documented policies, and procedures are intended to protect the security and confidentiality of client records. Additionally, they defend against potential threats, unlawful access, and use.
Recent large-scale cyberattacks have had significant and possibly regrettable impacts, especially those that targeted supply networks. The mechanisms on the Texas state network block millions of connection attempts each day from known malicious actors. Attempts at distributed denial of service attacks increased when many state employees began working from home. These attacks can hinder an employee’s ability to connect remotely and restrict access to public services. Leaders in Texas have been made aware of crucial areas that need more policing via numerous cyberattacks.
The following are some of the new Texas Cybersecurity regulations:
The Texas Cybersecurity Act specifies specific cybersecurity criteria for all state agencies in Texas, forms a cybersecurity council, and incorporates cybersecurity as a part of the sunset review procedure. Additionally, some authorities and certain businesses must undertake studies and provide reports on cybersecurity dangers and countermeasures. This specific regulation will have the practical and immediate consequence of elevating data organization and information security to the top priorities for governmental agencies equally affecting businesses in Texas.
The lack of clearly defined criminal charges for cyberattacks, hacking, and other illegal activity involving networks, devices, and digital data led to the Texas Cybercrime Act. The legislation creates several criminal charge categories for the following:
This regulation will likely impact Texas businesses by helping them remain informed on threats to their system. According to the regulation, the offense of Electronic Access Interference is classified as a third-degree criminal under the law. Without the owner’s express consent, this felony is committed when someone knowingly breaches or suspends access to a computer system or organization.
This statute, whose scope is somewhat broad, is known as the Nuisance Website Act. A person operating a website participating in the following may be subject to legal action under the Texas Civil Practice and Remedies Code:
This regulation is significant for most Texas businesses as it offers a basis for identifying any breaches of cybersecurity regulations.
Some of the primary reasons why you should choose us for your cybersecurity needs include the following:
Suppose you’re in Austin, San Antonio or Houston, Texas, and are unsure about the laws and want to secure your systems. In that case, experts at ICS are more than happy to work with your firm to develop efficient security systems, monitor your infrastructure, and improve your business’s capabilities. Our Managed IT services are the best you will have in Texas. In addition, we have extensive experience in IT and cybersecurity consultation across various specialties. Focus on your business as we cater to your cybersecurity needs. Contact us to get started.