President Obama signed an executive order that seeks, with the assistance of various federal agencies, to establish a voluntary program of information sharing and cybersecurity standards for companies operating critical US infrastructure. The program creates numerous issues for business to consider before sharing information.
White & Case partner Daren Orzechowski said individual privacy rights are also a consideration. "Companies should re-evaluate their existing privacy policies and check if, under the policy they have with their customers, do they have the right to voluntarily share information," he said. "There might be issues with participation [in the program] that they need to understand now."