The Department of Homeland Security could award federal grants and rate increases to companies in price-regulated industries if they adopt the department’s voluntary cybersecurity framework, Fierce Government IT reported Sunday.
David Perera writes a DHS report dated June 21 details tax incentives and direct subsidies as possible second-tier rewards.
Other possible rewards for adopting the framework are bundled insurance requirements, legal benefits and liability protection, Perera reports.
DHS has been working with the National Institute of Standards and Technology to develop a guideline and framework for protecting the nation’s infrastructure in support of a White House executive order.
DHS and NIST officials updated Congress last week on the cyber infrastructure defense framework project.