CEOs Top IT Network Security Fear: Federal Mandates

 
 
By Caron Carlson  |  Posted 2003-04-23 Print this article Print
 
 
 
 
 
 
 

As corporate America tries to work more closely with the federal government to improve network security, a primary goal among CEOs is avoiding new federal regulations.

As corporate America tries to work more closely with the federal government to improve network security, a primary goal among CEOs is avoiding new federal regulations. However, executives who are directly responsible for network security do not necessarily share that goal. CIOs and chief security officers across the country are quietly advocating regulation to spur their bosses into acting more effectively on network security, according to Tom Noonan, president and CEO of Internet Security Systems Inc. There is a widespread feeling among executives accountable for IT that security is not receiving the attention it deserves from the helm, Noonan told top corporate executives gathered for a teleconference of the National Infrastructure Advisory Council Tuesday.
"Ive wanted to head for the hills every time I hear it," Noonan said.
Noonans disclosure was met with resistance by members of the NIAC, many of which already face considerable regulation. "Another layer of regulation [in the pharmaceutical industry] would probably just make it more complicated to get things done," said Karen Katen, president of Pfizer Global Pharmaceuticals and executive vice president of Pfizer Inc. The financial services industry is particularly eager to discourage Washington from adding any new mandates to its lengthy roster of federal rules. Alfred Berkeley, vice chairman of NASDAQ Stockmarket Inc., and Martin McGuinn, chairman and CEO of Mellon Financial Corp., voiced opposition to any further direct federal regulation.


 
 
 
 
 
 
 
 
 
 
 

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