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“Hopefully, with this bill, it will give federal law enforcement the information it needs to be able to allocate resources to holistically combat and respond to cyber threats.”
The act will also require that cybercrime is incorporated into several existing systems used to track crime. For instance, the Department of Justice (DoJ) will be required to contract with the National Academy of Sciences to develop a taxonomy for categorizing different types of cybercrime impacting businesses and individuals, which can then be used by law enforcement in future tracking metrics. Also, the National Crime Victimization Survey will be required to incorporate questions related to cybercrime in its survey instrument.
Of note, several cybercrime tracking programs do exist, including the FBI’s well-known Internet Crime Complaint Center (IC3) that tracks internet-related crime like business email compromise, phishing attacks and romance scams. However, this act would focus on a more consistent and comprehensive mechanism for collecting and reporting cybercrime across several law enforcement agencies.
The act is also part of a greater effort by the U.S. government to increase transparency around cybersecurity incidents. The Strengthening American Cybersecurity Act of 2022, which passed the Senate in March, for instance, would give critical infrastructure entities a 72-hour reporting deadline to notify the Cybersecurity and Infrastructure Security Agency (CISA) after experiencing a cyberattack. And last year, the U.S. Securities and Exchange Commission (SEC) proposed a set of rules that would require publicly traded companies to disclose security incidents within four days after they have been discovered.
Crane Hassold, director of threat intelligence with Abnormal Security, said that the Better Cybercrime Metrics Act is a “much-needed legislation” for the U.S. government to not only understand cybercrime levels, but also to be able to adjust the level of resources needed to defend against these threats accordingly.
“One of the biggest obstacles the federal government has fighting cybercrime is that it’s missing accurate, comprehensive data to understand the overall impact of cyber threats that would allow them to prioritize their efforts accordingly,” he said. “Hopefully, with this bill, it will give federal law enforcement the information it needs to be able to allocate resources to holistically combat and respond to cyber threats.”
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